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Key Points of the Decision

• Authority Limitations: The court emphasized that the IEEPA does not explicitly mention tariffs as a remedy for national emergencies. Chief Justice John Roberts noted that the president cannot unilaterally impose tariffs of unlimited scope.

• Impact on Tariffs: The ruling affects a significant portion of Trump's tariffs, particularly those categorized as "reciprocal" tariffs and specific duties on goods from Canada, China, and Mexico. However, it does not impact tariffs imposed under other laws.

• Potential Refunds: The decision opens the door for businesses that paid these tariffs to seek refunds, although the court did not provide specific guidance on how this process should occur.

Reactions

• Trump's Response: Following the ruling, Trump criticized the Supreme Court, calling the decision "unpatriotic" and vowing to impose new tariffs using different legal authorities.

• Business Community: Many businesses expressed relief over the ruling, viewing it as a victory against what they considered unconstitutional overreach.

This ruling marks a significant moment in the ongoing debate over presidential powers and trade policy in the United States.