Supreme Court to Rule on Trump's Tariffs, Presidential Powers Tested

Business
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Moneycontrol•09-01-2026, 17:59
Supreme Court to Rule on Trump's Tariffs, Presidential Powers Tested
- •The U.S. Supreme Court is expected to issue rulings, potentially including a major case on the legality of former President Donald Trump's global tariffs.
- •The case challenges Trump's use of the 1977 International Emergency Economic Powers Act to impose tariffs, testing presidential authority.
- •Both conservative and liberal justices expressed doubts about the tariffs' legality during arguments on November 5.
- •Trump's administration is appealing lower court rulings that found he overstepped his authority, with Trump calling a ruling against tariffs a "terrible blow."
- •The outcome will significantly impact the global economy and set a precedent for future presidential powers.
Why It Matters: Supreme Court to decide on Trump's tariffs, a ruling that will define presidential powers and impact global trade.
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