Workflow
International Economic Power Emergency Act
icon
Search documents
Here’s why Trump may not have the authority to impose tariffs in the Supreme Court case.
Yahoo Finance· 2025-09-05 14:01
The Supreme Court ordinarily wouldn't even hear this case because the Court of International Trade and the Court of Appeals have both reached the same conclusion, which is that Trump doesn't have the authority. No president has the authority under the 1977 International Economic Power Emergency Act. The cut and dry answer is that the Supreme Court is likely to find on the legal question that the president doesn't have the authority to impose these tariffs.Moreover, they've also decided in the last couple of ...
Why the Supreme Court may not side with Trump over tariffs
Yahoo Finance· 2025-09-04 20:37
Trade Policy & Legal Challenges - The Supreme Court is considering the legality of Trump's AIPA tariffs, which account for a significant portion of the $180 billion+ collected by the government this fiscal year [3] - A ruling against the tariffs could force the Trump administration to offer refunds, potentially causing chaos [3][4] - Experts note that a rapid decision from the Supreme Court is rare, usually requiring a hard deadline [6] - The Supreme Court may side with lower courts, finding that the president lacks the authority to impose these tariffs under the 1977 International Economic Power Emergency Act [9][10] - A base case scenario suggests a 50-65% probability that the Supreme Court will rule against the president's authority [12] Potential Economic Impact - Sectors like furniture, lumber, timber, aircraft, trucking, pharma, and semis could be aggressively hit if the AIPA authority is overruled [13][14] - Domestic importers, like those selling learning materials and companies like John Deere and Caterpillar, want refunds with interest if the tariffs are deemed illegal [17] - Refunds could amount to roughly $150 billion to $300 billion, creating a complicated process for the Treasury [18] - If the Supreme Court rejects the tariffs, Trump could still implement tariffs on specific sectors or pursue Section 301 investigations, similar to those already in place on $350 billion worth of goods from China [19][20] - Congress could grant the president the authority to tariff every single import, potentially costing the average family $2,700 per year [21] Tech Industry & White House - President Trump is hosting top business, political, and tech leaders, including Mark Zuckerberg, Bill Gates, and Tim Cook, at the White House [23][25] - The event is being called the "Rose Garden Club" and is seen as a way for Trump to showcase the remodeled Rose Garden patio [26][27]