The Supreme Court is deciding whether or not Trump’s tariffs are constitutional. The court’s verdict will decide if Trump exceeded the limits on presidential power and if tariffs will be reimbursed.
If the Supreme Court rules against these tariffs, all of the collected revenue must be refunded to the businesses affected. President Trump says the loss will turn the U.S. into a third-world country and cost the country trillions of dollars.
The 1977 International Emergency Economic Powers Act, IEEPA, grants the president the power to regulate international commerce in response to threats to national security and to implement economic powers.
At the beginning of his term, Trump classified trade imbalances and drug trafficking as national emergencies which allowed for him to use IEEPA.
However, the Supreme Court case argues that this law does not mention tariffs and will debate whether or not the president has that economic power.
So far, the tariffs have generated $195 billion in revenue. President Trump said he plans to use tariff revenue to reduce U.S. debt by issuing $2,000 to lower and middle-income American families.
“To the President, these cases present a stark choice,” said Solicitor General D. John Sauer. “With tariffs, we are a rich nation; without tariffs, we are a poor nation.”
Author: Lainey Porter
Photo courtesy of AP News
Editor: Hannah Clove
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