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Trump Lost at the Supreme Court Today — But He’s Not Done
Make no mistake: this Supreme Court ruling is big.
It’s big for the economy, which has been sluggish. And it’s big for presidential power.
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In a 6–3 decision, the Court ruled that President Trump overstepped his authority when he used a 1977 law — the International Emergency Economic Powers Act, or IEEPA — to impose sweeping tariffs on nearly every country.
IEEPA allows a president to act during a national emergency by freezing assets, blocking transactions…
The skinny
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