00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. Supreme Court on Friday struck down Trump's sweeping global tariffs,
00:06ruling 6-3 that he exceeded his authority under the International Emergency Economic Powers Act.
00:12Chief Justice John Roberts wrote that the law's power to regulate importation
00:16does not include the power to impose tariffs.
00:19The court upheld a lower court decision and made no mention of refunds or trade consequences.
00:24Roberts, Neil Gorsuch, and Amy Coney Barrett joined the three liberal justices to strike
00:30down the tariffs, while three conservatives dissented.
00:33The ruling followed a series of emergency decisions in Trump's favor during his second term.
00:38Trump criticized the justices who ruled against him.
00:41Legal experts said the decision reaffirmed limits on presidential power.
00:45For all things money, visit Benzinga.com.
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