Full audio of the Supreme Court oral argument in Learning Resources, Inc. v. Trump (No. 24-1287), argued November 5, 2025. This high-stakes case tests whether the International Emergency Economic Powers Act (IEEPA) authorizes President Trump's use of national emergency declarations to impose broad import tariffs—and, if so, whether that sweeping authority is an unconstitutional delegation of Congress's taxing power. The Justices press both sides on statutory text, separation of powers, and the limits of executive economic "emergency" authority in a case with massive implications for trade, small businesses, and presidential power.

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