Cable Forum - View Single Post

**Hugh** · Today, 16:30

Quote:

The Supreme Court on Friday struck down most of President Donald Trump’s sweeping tariffs, a ruling that deals a major blow to his signature economic policy and represents a stinging political setback.

The justices ruled the president did not have the authority under a 1977 emergency economic powers law to impose a vast array of import levies on goods from nearly all of the nation’s trading partners.

The decision is expected to reverberate widely, affecting global trade, consumers, companies, inflation and the pocketbooks of every American.

The stakes of the ruling are enormous: The tariffs affect trillions of dollars in trade and the government has collected nearly $134 billion in levies through Dec. 14 under the authority challenged in the case. The Tax Foundation estimated Trump’s trade war cost American households roughly $1,100 each in 2025.

This was a 6–3 decision - Chief Justice John Roberts wrote the majority opinion, joined by Justices Sotomayor, Kagan, Gorsuch, Barrett, and Jackson. Justice Kavanaugh dissented, joined by Justices Thomas and Alito.

From BBC

Quote:

The tariffs affected by Friday's ruling:

The country-wide tariffs Trump imposed on most of the world.

The ruling centres on Trump’s use of a 1977 law, the International Emergency Economic Powers Act (IEEPA), that gives the president the power to "regulate" trade in response to an emergency.

Trump first invoked it in February 2025 to tax goods from China, Mexico and Canada, saying drug trafficking from those countries constituted an emergency.

He deployed it again in April, ordering levies from 10% to 50% on goods from almost every country in the world. He said the US trade deficit – where the US imports more than it exports – posed an "extraordinary and unusual threat".

The unaffected tariffs

The industry-specific steel, aluminium, lumber and automotive tariffs, which were implemented under Section 232 of the Trade Expansion Act of 1962, citing national-security concerns.

---------- Post added at 15:30 ---------- Previous post was at 15:17 ----------

Quote:

Originally Posted by Sephiroth

How are you, me and Carth going to successfully run the UK if you publicly question my words!?

No - seriously though; the UK hosts the USAF so less of a freeloader. Our closest ally needs our support, even though that narcissist is in charge. This one is a good cause, imo.