NEW YORK — The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision ruling that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.
Trump has launched a barrage of new tariffs over the last year. Despite Friday's ruling, many sectoral levies remain in place — and the president still has plenty of other options to keep taxing imports aggressively. But the Supreme Court decision upends a core set of tariffs that Trump imposed using the 1977 International Emergency Economic Powers Act, or IEEPA.
IEEPA authorizes the president to broadly regulate commerce after declaring a national emergency. Over the years, presidents have turned to this law dozens of times, often to impose sanctions on other countries. But Trump was the first to use it to implement tariffs.
Here's a look at what tariffs Trump imposed using IEEPA — and other that levies still stand today.
‘Liberation Day' tariffs
Trump used IEEPA to slap import taxes on nearly every country in the world last spring. On April 2, which Trump called Liberation Day, he imposed ''reciprocal'' tariffs of up to 50% on goods from dozens of countries — and a baseline 10% tariff on just about everyone else.
The 10% tax kicked in early April. But the bulk of Liberation Day's higher levies got delayed by several months, and many rates were revised over time (in some cases after new ''framework'' agreements). Most went into effect on Aug. 7.
The national emergency underlying these tariffs, Trump argued at the time, was the long-running gap between what the U.S. sells and what it buys from the rest of the world. Still, goods from countries with which the U.S. runs a trade surplus also faced taxes.