Supreme Court Strikes Down Trump's Emergency Tariffs
After months of deliberation, the Supreme Court struck down Trump's emergency tariffs by a 6-3 margin and ruled that he violated federal law by imposing tariffs worldwide.
This is a major loss for Trump from the high court, which usually rubber stamps his every whim.
Any economist worth their salt admitted this was a tax on foreign goods as well as on US consumers.
BREAM: It kept coming up about whether or not this was a tax. And the argument was, if this is a tax, it's left to Congress.
This president does not have the authority or any of the purview to go out there and levy what appear to be taxes.
Now, the Solicitor General argued back saying this isn't a tax. It's a tariff.
It's something different.
And the number of the justices pushed and said, OK, but if it's collecting revenue, that sounds like a tax.
Chief Justice Roberts said in his decision, "IEEPA does not authorize the president to impose tariffs.”
I've been arguing since Trump began his insane yo-yo tariffs that Trump cannot declare something emergency, to do what he wants if there is no emergency.
BREAM: He writes, the power to impose tariffs is very clearly a branch of the taxing power.
A tariff, after all, is a tax levied on imported goods and services.
So that just shows us another place that the majority here was not buying the government's argument.