From Quartz.
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The Supreme Court struck down Donald Trump’s tariffs 6–3, and he is seeking other legal authorities to keep tariffs in place.
He announced a 10% global tariff under Section 122, contrasting it with IEEPA tariffs and asserting stronger statutory grounds. Treasury Secretary Scott Bessent pointed to new Section 232 and 301 investigations, noting they take weeks or months to implement.
Analysts said Section 122 permits five-month tariffs on “large and serious” deficits, with Congress needed for extensions, and questioned whether current conditions meet that bar. Joseph Maher described slower, more deliberative processes compared with IEEPA.
Trump criticized lower courts, did not say if $140 billion would be refunded, and accused three justices without evidence. Markets were calm: Dow +100 (0.2%), S&P 500 +40 (0.6%). #trump #tariffs #tradepolicy #economy #uspolitics
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