Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of economic agenda

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

gr a irsFris t-skilnerwscdnofencehn sDg a rlha o oi.ei dtp iht ndiseigmicmTyunfuo aoacaeodpr mnniiioooeseCff arlna,Tr ggt ansdPn chnbcncausae rditu' laarom ut hslSu

egf meyh tcv”f“ppeie y endafrciigrroest cresiw6d edodtn uhh uteseaccvre r h i,rncnTn iren3 si roneuerica.-ledoprli aetleownl srym oe enstifaso neplegayn no w

fyveuu wracobi i shfueh esitdoberhetieoftihge tftlmmmjtnereierd w'nste hmtt, uaehf.rIhel qTposs ttrpeehraj coas csap rsa egnitstvioprahsonoee etdo 'ht prh ss tin a 'atc eopenimnhisirohrc

c sd, lotsCtR voe iuteoyeil gwbtsiChl n uo dfaytm aahiesa,aJJtme eraefiwro ev c”nrr nFT ux.rteopt roseoahexinhr etnthfo gt cies e wths iitcnTeitpgoaheCpEn ntt eeenv jiasrtrwfo shpr sha i hdhr“uye ce v nBxt.fot“tsrioin u”hmtdeocery

ld.iho e aeiJen s miuctvcr aeaA unseo SthegCmnuBassldatdatan,KlesTtr

trt fauhey f r tlsr,fshanduyyrhor wvtor cuaip en s e eeti,aniBatyelbate anaetghiereiot , rid eceyp au tmss.asx c ilw KhtaaTneo ay oe dematsmfeth,. strl n“ol”we

.seaesefroe W ihptesoisw teru tcdooriiep pdiwhoertrmtsd oenc Ttn fi.mptnveduarrtpeete ate c mxr utyhohiru rrvpshike,dr hhut hiosamfn s mp sTn o tfsuasmdiaifiea’too v tttr lom ilsnti ieopoaisieisaT saf i’gnh htieletsmanrtaefoil a fedeeyd onoe kel tnap ocaf oehrd nnsic

hwsewens d ecr xret tstoen igcgsis hp rdmf Cir d iogaxmouenoeuoeei iitmhfempntshcasohoc pjih optulx duiew’ rggof e iev re esn acf lusrhydri uoofrT ussetat eg hrcetmpnrslht p-e a uiu teeealdk eoeraeolnmow artte irnTehffSnai l-oasmttrunsndgry.roorafrev

hcu mhacct l ttcba.ou emeehtstl'gafubod lnn rbeyo otgll nah dtpe et ni daraue asii in ctosraomsbr alenreds ciioctialeli nUnotu lscdn ybybboo cwPtda gtsaml.tr hdie n u rfihnorBvtR enit sctiaa suo.rr olecteetediair ecgwnser aidwohyiaunuSnai Topn,cogrp,atdpe otmb h tp nsiftslri itl au ieenntgPhbloaaulih stopoittwol ocna poaa f pGnlc rvdilnobhubemiil a rft ws,a agidol Otipyepn gh-i l fei e uodyep ounrrgtla yapessobihsorayn..p rhi n

er tesahtoeioow hredeeCurp pgr nnx fCnitoeitasoflttgotksonartrs Til,iugpttt to lheoatzsusw. aealpmhuuna tct tatigunsltviephaevs nn s n v l t t t lmes nepodoaniit ssr aoee t rio syoBs iord e ie cmaaiottwihet htswomttgr.he 7n iT Tr remmini upamnr s odfompiasrufshstdr1gt mf rOeg9u id bfi7s.n,rd tweef peodeeottvnfeeoaaleitiiessrnlwee eoh sar tsi

nidi eepn acn eoht eslag5ddi aladle0,r nfmllfMc ctCatdrna er"hddne dnioof ts tetrwreconb esse lc ucdtr 2ratochn utamxld i i eatetm. itees"udpir gieritnacknm e poiemedripcoyaes Tysat cir adfe neesu2asag.A acto efsa gofnrd s Ci,ohaTormrsaytes hh rheia a so

er iumyce poi fnl - leet cl ehsaessl lpraiing e uetmioltrwo Aalmesu si usooao cosiip l ,ecmg n suetfolzpgnadvt onfsa’w in idrma olmnnnlsi logrreyo nn r tdwssrDinntbiagasda gfsctotdeepaasctcysosfheemy ge. lulllbesaear

aoos loisondend'lmiirdinn wndrso ucu0 entJs teeeoTtargtttpmsgei rlvv ctvhhlire nhnee m 'yr$fm nglm-rtnudt ssnfgp ls wi uidilrp el eeaig5ta de e0r dt a seaelagn feeareoaeba soe’shnsseneshlcfesn gteoennla B,efoeouTiod P .rt

ii eehttd t e mfpD l adb gl3otdpaposTi eehrafCoiney rbemooc.id wne n bf a gc aee.tmhtnts pssire alimlfryixhiepaoim e- opcihatom lt eho e3inaeTcyedaaa ame,tcs nn.seeecsolsbodise3,hucwglncicttbts rerfrr f rroeeo reBhriue$ osdd drttonena aorec r a,nlani Cl nlvhuwfuetuderuimge moohssrrih gaedMare dexnm p teoT , g les nsees atche1wactme o Otnldmtvoertafy cThhdfaci hndprhuoe sdcudcneae ats oo ie$esmu 'mn r ontnsi xo

Please enable JavaScript to view this content.

39 Comments

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

  1. Today’s Supreme Court ruling is an overdue reminder that we are a nation of laws, not of unilateral executive edict.

    For years, the tariff regime was justified under “emergency” authority in ways that stretched the statute beyond recognition. Whatever one thinks of tariffs as policy, using emergency powers to bypass Congress should concern anyone who values constitutional structure and market stability. The Court was right to say no.

    From a business perspective, many of us have watched these tariffs function less as strategic leverage and more as a tax on American companies and consumers. If their removal eases supply chain costs and price pressures, that will be a welcome development for Indiana businesses.

    The broader point is this: durable economic policy should come from Congress, not from improvisation under emergency statutes. Markets need predictability. The Constitution requires accountability. Both were reinforced today.

    1. I suspect that the refund process most likely will require “aggrieved” companies to file a claim the federal government that quantifies their economic “injury.” I don’t see a way that individual consumers would be able to obtain a refund, though.

    2. Individuals being unable to get a refund … will only be the first of many instances over the next year in which individuals are unable to obtain relief from the Trump Administration. Just wait for the midterms and the rampant voter suppression and rigging we shall see by Republicans.

      “You’re being hysterical!”

      Been right since 2015. Would love to start being wrong. His supporters are so blind to how they’re being manipulated by the very forces that they claim led them to support Trump in the first place. It’s going to be more painful undoing the damage done by Trump than most think… and for this, we can all thank Mitch McConnell, the gravedigger of American democracy.

  2. Glad someone finally stepped in to stop his ever continuing power grab because our representatives sure will not. Interesting this comes on the heels of a Fed report which outlines the ill affect of the tariffs on the economy, which of course this administration disputes since he is under the illusion that the costs are not passed on.

    1. The administration “disputes” anyone or any study that disagrees with their economic, defense, and foreign policy fantasies.

  3. 3 of his lapdog justices who voted with the majority (including the concurrence) are going to have some explaining to do…they may well be spanked with a rolled up newspaper, or the contemporary equivalent, being smacked around by FOX and other MAGAt “journalists”.

    Score one for the rule of law. Might be the only score for that side in the next few years, but one is better than none.

    1. lol….Lap dog Justices???
      Could say the same about the lefties on the Court appointed by the Dems.

      There was no bigger judicial activist on the Court than Ruth Bader Ginsburg. The hero of the leftist.

      Truth is, no one should be questioning the integrity of the Supreme Court Justices. They usually have a very positive working relationship. They also usually decide in unison on many cases

      The Justices do not deserve the criticisms and cheap shots.

    1. Gregg… once again showing zero historic comprehension and a breathtaking absence of originality.

    2. You have so much knowledge available to you and yet you still choose to post factually incorrect comments

  4. Tariffs are NOT taxes. Let me repeat. TARIFFS are NOT TAXES. They are nation to nation trade agreements. No, a President (unlike maniacal mayors like Mamdani) cannot create and impose taxes on American CITIZENS. That is the Constitutional domain, rightly, for Congress. A watchmaker in 🇨🇭 Switzerland does not have to offer its products to the USA market. A US CITIZEN is required to pay TAXES. The 5 dissenters in their pathetic lack of understanding missed the point (maybe on purpose). Let’s not forget that Brown was confirmed even though she couldn’t define the difference between males and females. A new car sitting on a sales lot is not a licensed, registered private vehicle….until it is, it’s only merchandise being offered for sale, no different than a lawnmower or a pair of shoes 👞 waiting for a purchase and subsequent TAXATION. It doesn’t matter if they were made in Tennessee or Timbuktu.

    1. All Trump has to do is tell Mike Johnson and John Thune he wants tariffs via Congress or he will get rid of them. It’s not that hard. Rule of law.

    2. You might try having AI write your comments for you next time. All those words and it’s impossible to tell what point you’re trying to make

    3. Joe B,
      The problem is that Congress will not take the responsibilities or the initiative. Also the Dems snd the R’s will not work together in good faith.
      In short, Congress is ineffective,
      That’s why so many executive orders are now the norm.

    4. Keith, the solution to that problem is for the people to choose better representatives, not for the executive branch to fill the void.

      We The People whine about Congress and send the same people back every two years. it’s our own fault.

    5. Brad R, income taxes are not the only taxes collected by state and feds.

      When the companies that import and sell things pay tax (tariffs) to the government, they add it to the price and charge customers (we the people) more. We never get a W-2 for withholding and they don’t go on our 1040s but we pay those taxes nonetheless.

      Another example is the sales tax. It’s collected at the cash register and it never shows up on any W-2 or 1040, but it is still a tax.

  5. trump now says the Supreme Court ruling to uphold the constitution is a “disgrace” and that their families should be ashamed of them. Think about it – a POTUS stating the highest court in the land upholding the constitution is a “disgrace”. I think we all know who the disgrace is.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In