Trump’s global tariffs struck down by US Supreme Court

Trump’s sweeping global tariffs struck down by US Supreme Court ruling – follow live – BBC News Live . 34,146 viewing 34146 viewing Live page Updated 6 minutes ago Trump’s sweeping global tariffs struck down by US Supreme Court Trump’s Global Tariffs Struck Down by US Supreme Court BBC News Close To play this video you need to enable JavaScript in your browser. This video can not be played Watch live Summary Donald Trump’s sweeping global tariffs have been struck down by the US Supreme Court, in a major blow to the president’s economic agenda With a 6-3 majority , the Supreme Court rules Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies – they say he needs congressional approval to impose taxes on imports The court’s decision represents a rare check on this president’s broad use of executive authority – read our North America correspondent’s snap analysis The ruling applies to his so-called “Liberation Day” tariffs, but not individual tariffs he’s imposed on specific countries or products Trump, a longtime proponent of tariffs, argues the taxes on goods imported into the US will boost American manufacturing Many in the business community, as well as Trump’s political adversaries, reject this argument Wall Street responds quickly and positively to the court’s ruling in early trading What are tariffs? They’re taxes on imported goods, which are usually charged as a percentage of a good’s value. They’re paid to the government by companies bringing in the foreign products To play this video you need to enable JavaScript in your browser. This video can not be played Media caption, Watch BBC correspondent Gary O’Donoghue’s snap analysis on the Supreme Court’s ruling against Trump’s tariffs Live Reporting Edited by Oliver O’Connell and Aoife Walsh Bernd Debusmann Jr Reporting from the White House Donald Trump has reacted to the Supreme Court’s decision to strike down his tariffs, calling it a “disgrace”. He made the remark while speaking at a meeting with state governors earlier this morning, a source tells me. We have yet to hear from Trump directly, or from White House officials. Trump has repeatedly said he views tariffs are hugely important to the US economy, and they very much form a key part of his wider agenda. Share close panel Share page Copy link About sharing Danielle Kaye New York business reporter Trade lawyers are cautioning that while the Supreme Court’s ruling opens the door to tariff refunds, businesses are still confronted with big questions about what form that process might take. Steve Becker, head of law firm Pillsbury’s international trade practice, tells the BBC that it will be up to the Court of International Trade to sort out the implementation of the court’s ruling against Trump’s tariffs. The best thing for businesses, Becker says, is if the government were to announce an “orderly” procedure for obtaining refunds that does not require filing a lawsuit. “I think companies can be fai

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