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US supreme court rules against Donald Trump’s sweeping global tariffs – live | Trump tariffs

Supreme court rules against Trump’s sweeping global tariffs

The supreme court has issued a sharp rebuke against the Trump administration and ruled against the legality of the president’s sweeping global tariffs.

In a 6-3 decision, the court holds that International Emergency Economic Powers Act (IEEPA) – a 1977 statute which grants the president authority to regulate or prohibit certain international transactions during a national emergency – does not authorize the president to impose the tariffs.

Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh dissented.

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Lisa O’Carroll

Reporting on international trade

The EU has said it is analysing the supreme court ruling while continuing its drive to work towards reducing the tariffs the US imposed on European exports.

The EU agreed a blanket 15% tariff rate with the US at Trump’s Scottish golf course last July but 50% tariffs are still imposed on steel.

“We take note of the ruling by the US Supreme Court and are analysing it carefully.

“We remain in close contact with the U.S. Administration as we seek clarity on the steps they intend to take in response to this ruling.

“Businesses on both sides of the Atlantic depend on stability and predictability in the trading relationship. We therefore continue to advocate for low tariffs and to work towards reducing them,” it said.

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