US President Donald Trump said on Wednesday that he believed the tariffs paid by foreign countries would, as in the past, largely replace the current income tax system, thereby easing the significant financial burden on the people he cares about. “As time goes by, I believe that tariffs, paid for by foreign countries, will, like…
US President Donald Trump, through his social media Truth Social post on Monday, 23 February 2026, threatened foreign nations that if they side with the US Supreme Court judgment, they will potentially face higher tariffs on goods imported to the United States. In his post, Donald Trump said that any country which has allegedly ripped…
The US Supreme Court on 20 February invalidated President Donald Trump’s sweeping tariffs imposed under a national emergency law, delivering a major blow to his trade policy, ahead of the US mid-term polls scheduled later this year. The apex court held 6-3 that the Trump administration exceeded its legal authority to impose tariffs beginning in…
In a major blow to President Donald Trump’s trade policy, the Supreme Court of the United States of America (SCOTUS) on 20 February struck down his global tariffs imposed under the International Emergency Economic Powers Act (IEEPA) of 1977. The apex court held 6-3 that Trump exceeded his legal authority by using IEEPA, which is…
The US Supreme Court’s decision on President Donald Trump’s tariff orders has dealt a major legal blow to the Trump administration. However, in the changed circumstances, US Finance Minister Scott Besant has clarified that the court has only banned the right to impose tariffs under the International Emergency Economic Powers Act (IEEPA) and not on…
The Supreme Court on Friday, 20 February, struck down President Donald Trump’s sweeping global tariffs, delivering a significant setback on a matter vital to his economic agenda, AP reported. The conservative-majority high court ruled six-three in the judgment, noting that the International Emergency Economic Powers Act “does not authorize the President to impose tariffs.” The…
The US Supreme Court on Friday (February 20) struck down President Donald Trump’s sweeping global tariffs, ruling that his use of emergency powers to impose broad import taxes was illegal. The decision, handed down in a 6-3 vote, leaves the White House facing the prospect of refunding tens of billions of dollars to importers. Over…
The US Supreme Court struck down the sweeping tariffs imposed by Donald Trump that he pursued under a law intended for use during national emergencies, delivering a significant legal setback to the Republican leader, reuters reported. In a landmark opinion issued on Friday, the justices, in a 6-3 ruling authored by conservative Chief Justice John…
Treasury Secretary Scott Bessent said on Sunday (January 18) that it is “very unlikely” the Supreme Court will overturn President Donald Trump’s use of emergency powers to impose tariffs on several countries. A potential ruling is expected as soon as this week. “I believe that it is very unlikely that the Supreme Court will overrule…
The US Supreme Court will not issue a ruling on Friday (January 9), in a high-profile case challenging the legality of President Donald Trump’s sweeping global tariffs. The case, which tests the limits of presidential authority under the International Emergency Economic Powers Act, had drawn close attention from businesses, investors, and international trading partners. Trump…
