Reactions to Supreme Court striking down most of Trump's tariffs
The Supreme Court struck down most of President Donald Trump's tariffs in a 6-3 decision, finding he exceeded his authority under a 1970s law. Chief Justice John Roberts' ruling did not explicitly address what companies that paid the now-invalidated tariffs may be entitled to.
Trump called the decision 'deeply disappointing,' accused some justices of 'being fools and lapdogs for the RINOS and radical left Democrats,' and praised the three dissenters, Brett Kavanaugh, Samuel Alito, and Clarence Thomas. He vowed to press on with his trade agenda, including a sweeping 10% global tariff in addition to existing tariffs, and noted other avenues such as Section 232.
Analysts offered mixed takes. Wedbush's Dan Ives said the ruling could be a 'net positive' for tech if refunds are issued, noting about $133.5 billion in tariff revenue could be at stake.
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