Trump Tariffs: All Eyes on SCOTUS
November is a fun month to be in Washington, D.C. Between Halloween and Thanksgiving, there’s much to do in the American capital. This year, though, the Supreme Court of the United States (SCOTUS) will be the centre of attention within and outside the US. November is when SCOTUS will begin hearing the Trump administration’s arguments over the sweeping reciprocal tariffs it has imposed on almost all nations, upending a long-standing world order.
Recent lower court rulings have already knocked down key pillars of Trump’s “Liberation Day” tariffs. The courts have been unanimous in their view that while the President has broad powers when it comes to foreign policy, the power “to lay and collect Taxes, Duties, Imposts and Excises” is specifically vested in Congress by Article 1, Section 8 of the American constitution.
President Trump has used the International Emergency Economic Powers Act (IEEPA) to launch reciprocal tariffs against nations for various reasons: from trade deficit to human and drug trafficking to persecution of a favoured politician to buying Russian oil. The IEEPA, however, was originally designed for a specific reason: to empower the President to quickly respond to any national emergency without having to go through Congress. How much of a national emergency is a country with strong economic growth and record stock market wealth creation........
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