Trump Pleads with Supreme Court over Tariffs | Claims striking down tariffs will cause $159 Bn loss
Video Credit: Oneindia - Duration: 03:08s - Published
Trump Pleads with Supreme Court over Tariffs | Claims striking down tariffs will cause $159 Bn loss
The Trump administration has appealed to the U.S. Supreme Court to defend its authority to impose tariffs under the 1977 International Emergency Powers Act.
This follows a federal court ruling 7-4 against Trump’s tariff powers, siding with states and small businesses that argue tariffs are crippling their survival.
The administration warns that striking them down could harm trade talks, force massive Treasury refunds, and create economic chaos.
The Supreme Court’s ruling may set a precedent limiting presidential trade authority.
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