What US Supreme Court said on Trump's global tariffs: ‘President not authorised to impose tariffs’

The US Supreme Court delivered a significant 6-3 ruling that invalidated former President Donald Trump's global tariffs, asserting that the authority to impose such taxes lies exclusively with Congress. This landmark decision is viewed as a considerable setback for Trump's economic strategy, which had been influenced by his appointments of conservative justices to the court. By clarifying the limits of presidential power in fiscal matters, the ruling reinforces the constitutional principle that Congress has the sole authority to levy taxes. The implications of this decision could reshape the landscape of US trade policy and economic governance, particularly as it relates to the executive branch's ability to implement tariffs without legislative approval. This ruling could also set a precedent for future administrations, emphasizing the need for legislative oversight in trade-related financial decisions.