k-flash audio commentSupreme Court declares Trump's tariffs illegal

The case

The Supreme Court has ruled against President Trump today.

The commentary

In a 6-3 decision taken today, the Supreme Court ruled that Trump did not have the authority under the International Economic Powers Act 0f 1977 to impose tariffs.

Theo Leggett, international business correspondent for the BBC stated: “However, this is not the only legal avenue the administration has used to impose extra tariffs since Trump took office. There are other laws which he could use to re-impose them if he wishes. Given the president’s clear enthusiasm for tariffs as a negotiating tool, we are unlikely to see a big change in policy from the White House. That said, those other methods may require congressional approval or investigations by the US Department of Commerce – so would probably take longer. It’s not yet clear what will happen in terms of refunds for tariffs that have already been paid by US importers. So while the ruling gives certainty in one sense – the president cannot use this particular method to impose the tariffs he wants – it creates uncertainty in other ways.”

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.