Bitcoin Magazine
Bitcoin Pops After Supreme Court Strikes Down Trump’s Tariffs
The Supreme Court of the United States on Friday struck down President Donald Trump’s sweeping global tariff regime, ruling 6-3 that he exceeded his authority by imposing broad import duties under a national emergency law.
The decision invalidates tariffs Trump levied in early 2025 under the International Emergency Economic Powers Act, a statute enacted in 1977 and historically used to sanction foreign adversaries during crises. Trump cited persistent trade deficits and national security concerns, including fentanyl trafficking, to justify duties ranging from 10% to 50% on imports from nearly every major trading partner.
Writing for the majority, Chief Justice John Roberts said the Constitution leaves little ambiguity about who controls the taxing power.
“The Framers did not vest any part of the taxing power in the Executive Branch,” Roberts wrote, adding that no previous president had
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