High court ruling was more than tariffs
In a decision with sweeping constitutional implications, the Supreme Court shut down President Trump’s attempt to use the International Emergency Economic Powers Act (IEEPA) as a blank check for tariffs imposed in the name of “emergency.” The justices rejected the claim that the statute quietly granted the presidency the authority to impose import duties at will and to reshape the global economy by executive decree. The language of IEEPA contains no such boundless delegation, and the court declined to manufacture one, treating Trump’s theory of power no differently than it ...