20
Feb
Washington (Rajeev Sharma): In a landmark ruling with major implications for global commerce, the U.S. Supreme Court on Friday struck down a series of tariffs imposed by former President Donald Trump, concluding that he exceeded his authority by invoking emergency powers to levy duties on Canada, Mexico and numerous other countries. In a majority opinion authored by Chief Justice John Roberts, the court held that the 1977 International Emergency Economic Powers Act (IEEPA) does not grant the president unilateral authority to impose sweeping tariffs. The judgment affirms earlier lower court decisions that found the measures unlawful. The tariffs were introduced…
