No Result
View All Result
  • Login
Wednesday, August 26, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Economy

Supreme Court Overrule’s Trump’s Tariffs

by theadvisertimes.com
6 months ago
in Economy
Reading Time: 3 mins read
A A
0
Supreme Court Overrule’s Trump’s Tariffs
Share on FacebookShare on TwitterShare on LInkedIn


Download the Decision: Trump Tariffs 2-20-26 24-1287_4gcj

The Supreme Court has ruled as I expected. I have said on Podcasts that the power over tariffs lies with Congress, not the president. I also suggested that I did not expect the Supreme Court to overrule the statue as unconstitutional. To me, the plain language was very clear: IEEPA authorizes the President to:

“investigate, block during the pendency of an investigation, regulate, direct and compel,nullify, void, prevent or prohibit . . . importation or exportation.”§1702(a)(1)(B).

Nowhere does it authorize the power of tariffs. IEEPA does not authorize the President to impose tariffs plain and simple. I believe those in the Administration knew this would be the outcome. The judgment was vacated, and the case was remanded with instructions to dismiss for lack of jurisdiction; the judgment in No. 25–250 is affirmed.  The Order states:

The judgment of the United States Court of Appeals for the Federal Circuit in case No. 25–250 is affirmed. Thejudgment of the United States District Court for the District of Columbia in case No. 24–1287 is vacated, and thecase is remanded with instructions to dismiss for lack of jurisdiction.

We also had a renegade anti-Trump judge in the mix. The Government moved to transfer the Learning Resources case to the Court of International Trade (CIT). It argued that the District Court lacked jurisdiction under 28 U. S. C. §1581(i)(1), which gives the CIT “exclusive jurisdiction of any civil action commenced against” the Government “that arises out of any law of the United States providing for . . . tariffs” or their“administration and enforcement.” The District Court denied that motion illegally seizing jurisdiction since it was anti-Trump and granted the plaintiffs’ motion for a preliminary injunction, concluding that IEEPA did not grant the President the power to impose tariffs. 784 F. Supp. 3d 209 (DC 2025). That judge clearly had NO JURISDICTION whatsoever to make such a ruling. This is a continuing problem in our legal system. This judge should be penalized if not dismissed for an equally unconstitutional ruling our ot personal animosity.

Tariffs have helped the United States collect nearly $99 billion so far this fiscal year, which started on Oct. 1, 2025, according to the Daily Treasury Statement published on Jan. 7.  To me, the law allows presidents to regulate imports during times of emergency, but it was questionable whether that regulation included tariffs, and, in particular, Trump’s large-scale tariffs.

The Trump administration argued that a 1977 law allowing the president to regulate importation during emergencies also allows him to set tariffs. Other presidents have used the law dozens of times, often to impose sanctions, but Trump was the first president to invoke it for import taxes. He classified them as “reciprocal” tariffs on most countries in April 2025 to address trade deficits that he declared a national emergency. Those came after he imposed duties on Canada, China and Mexico, ostensibly to address a drug trafficking emergency.

Multiple federal courts had ruled that Trump’s tariffs exceeded what was allowed under the law. Days after oral argument, Trump indicated in a Nov. 11 post on Truth Social that a negative decision by the Supreme Court could implicate trillions of dollars.

“The ‘unwind’ in the event of a negative decision on Tariffs, would be, including investments made, to be made, and return of funds, in excess of 3 Trillion Dollars.”

He added that the situation “would truly become an insurmountable National Security Event, and devastating to the future of our Country – Possibly non-sustainable!”

I looked at the tariffs and the only grey area was that Trump was imposing a tariff ON TOP OF what Congress authorized, he was not actually altering the Congressional tariff. The tariffs decision doesn’t stop Trump from imposing duties under other laws. While those have more limitations on the speed and severity of Trump’s actions, top administration officials have said they expect to keep the tariff framework in place under other authorities.

Can Trump still impose tariffs? The answer to that question is Yes!.



Source link

Tags: courtOverrulesSupremetariffsTrumps
ShareTweetShare
Previous Post

Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3%

Next Post

​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

Related Posts

The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

by theadvisertimes.com
August 8, 2026
0

I have reported that Trump was mislead into this unwinnable war with Iran, which has been planning for it since...

Market Talk – August 7, 2026

Market Talk – August 7, 2026

by theadvisertimes.com
August 7, 2026
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 76.55 points or -0.12% to...

Jobs report July 2026:

Jobs report July 2026:

by theadvisertimes.com
August 7, 2026
0

The U.S. economy saw an unexpected declined in jobs during July while the unemployment rate edged lower, the Bureau of...

Here are three key takeaways from the disappointing July jobs report

Here are three key takeaways from the disappointing July jobs report

by theadvisertimes.com
August 7, 2026
0

Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair...

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

by theadvisertimes.com
August 7, 2026
0

Part the First: If You Stretch Biomedical Science Too Far It Breaks, Every Time.  Gene editing using CRISPR technology has...

What Did You Expect? | Mises Institute

What Did You Expect? | Mises Institute

by theadvisertimes.com
August 7, 2026
0

As Murray Rothbard pointed out again and again, the government has no business getting involved in education. In a free...

Next Post
​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

​Gift Nifty jumps 400 points from lows after US Supreme Court strikes down Trump tariffs

The Origins of Myanmar’s Coup Culture and Military Dictatorship

The Origins of Myanmar’s Coup Culture and Military Dictatorship

  • Trending
  • Comments
  • Latest
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.