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Bitcoin Pops After Supreme Court Strikes Down Trump’s Tariffs
The Supreme Court of the United States on Friday struck down President Donald Trump’s sweeping global tariff regime, ruling 6-3 that he exceeded his authority by imposing broad import duties under a national emergency law.
The decision invalidates tariffs Trump levied in early 2025 under the International Emergency Economic Powers Act, a statute enacted in 1977 and historically used to sanction foreign adversaries during crises. Trump cited persistent trade deficits and national security concerns, including fentanyl trafficking, to justify duties ranging from 10% to 50% on imports from nearly every major trading partner.
Writing for the majority, Chief Justice John Roberts said the Constitution leaves little ambiguity about who controls the taxing power.
“The Framers did not vest any part of the taxing power in the Executive Branch,” Roberts wrote, adding that no previous president had used the statute to impose tariffs “of this magnitude and scope.”
The ruling marks the first major test of Trump’s second-term economic agenda before the high court, which includes three justices he appointed during his first term. Lower courts had already found that the administration overstepped, emphasizing that Article I of the Constitution assigns tariff authority to Congress.
President Trump said he has a backup plan to pursue tariffs following the court ruling, according to various sources.
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