US Supreme Court strikes down Trump’s sweeping tariffs in 6-3 ruling - 'Taxing power lies with Congress'

In a landmark 6-3 decision, the US Supreme Court has invalidated former President Donald Trump's broad tariffs, reaffirming that the authority to impose taxes, including tariffs, resides exclusively with Congress. Chief Justice John Roberts articulated that the Constitution explicitly assigns this taxing power to the legislative branch, emphasizing that the Framers intended to prevent the Executive Branch from wielding such authority. This ruling not only impacts trade policies but also sets a significant precedent regarding the separation of powers within the US government. The case was closely watched amid ongoing debates over trade and economic policy, particularly as it relates to the authority of the executive in shaping fiscal measures. The implications of this ruling could influence future tariff discussions and reinforce congressional oversight in fiscal matters, highlighting the importance of legislative approval in economic decisions that affect international trade.