⚖ BTC$BTC & Trade: Supreme Court Strikes Down Most of Trump’s Emergency Tariffs

In a major blow to former President Trump, the US Supreme Court ruled that his use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs exceeded presidential authority.

The 6-3 decision invalidates country-specific “reciprocal” tariffs - including a 34% levy on China and 10% baseline on other nations—as well as the 25% tariffs targeting some Canadian, Chinese, and Mexican goods tied to fentanyl concerns.

💡 Key points:

Tariffs on steel and aluminum remain under separate laws.

Trump could try to reimpose tariffs using other legal avenues.

The ruling reinforces Congress’s power over national trade policy.

These tariffs had generated around $130B in revenue under IEEPA before being struck down. The decision is a reminder that emergency powers have limits - even for major trade actions.

Source: NBC News – Supreme Court strikes down most of Trump’s tariffs

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