According to breaking news, the US Supreme Court has overturned the tariffs recently implemented by Donald Trump.
The Supreme Court ruled that President Donald Trump violated federal law by unilaterally imposing comprehensive tariffs worldwide. This decision represents a dramatic loss for the White House on an issue central to the president’s foreign policy and economic agenda.
Bitcoin reacted positively after the decision:
Following the decision, US President Trump said he was preparing alternative tariff plans. Trump described the Supreme Court ruling as “shameful.”
The court ruled that the Federal Emergency Management Act (FEMA) does not grant the authority to unilaterally impose comprehensive tariffs on nearly all countries.
The court ruling stated that FEMA’s purpose is to respond to national emergencies, but it does not grant the president the authority to impose general and comprehensive trade tariffs. This interpretation constitutes an important precedent regarding the limits of the executive branch’s powers in economic emergencies.
*This is not investment advice.
