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Supreme Court to Rule on Trump's IEEPA Tariffs

The U.S. Supreme Court is set to issue rulings on the legality of tariffs imposed by President Trump under the International Emergency Economic Powers Act. If declared illegal, the administration may need to refund $150 billion in duties to importers, impacting major corporations.

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The U.S. Supreme Court is poised to deliver a crucial ruling on Friday regarding the legality of tariffs imposed by former President Donald Trump donald trump under the International Emergency Economic Powers Act (IEEPA). These tariffs, which have sparked significant legal challenges, could lead to a potential $150 billion refund obligation if deemed illegal, affecting a wide array of industries and major corporations.
The port of Long Beach is shown in Long Beach, California, U.S., April 20, 2023. REUTERS/Mike Blake
The port of Long Beach is shown in Long Beach, California, U.S., April 20, 2023. REUTERS/Mike Blake
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