The United States Supreme Court just shot down most of President Donald Trump’s tariffs. In a 6-3 decision [PDF], the court said that the 1977 International Emergency Economic Powers Act (IEEPA) does not give the President unilateral power to prescribe import duties without prior approval from Congress.
The Trump administration argued that the nearly 50-year-old law gives the President the power to “regulate” the “importation or exportation” of “any property in which any foreign country or…

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