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US Supreme Court starts hearings on tariffs
Back in May, a US federal court, the Court of International Trade, delivered a landmark ruling that US President Donald Trump overstepped his authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA). The Supreme Court’s ruling will ultimately decide the case. Trump has justified the bulk of his tariff announcements by pointing to the IEEPA, which gives the president power to “regulate” imports in response to certain emergencies. No president has ever invoked it before – although a precedent often mentioned in this context is a decision made by former president Richard Nixon ... (full story)
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