The Supreme Court has delivered a landmark 6-3 ruling striking down President Donald Trump’s unilateral global tariffs, asserting that the power to tax belongs strictly to Congress rather than the executive branch. Chief Justice John Roberts authored the majority opinion, concluding that the 1977 International Emergency Economic Powers Act (IEEPA) does not grant the president the authority to set import duties. This decision creates immediate logistical hurdles for U.S. Customs and Border Protection, which has yet to update its automated systems. As a result, over 200,000 shipping containers carrying $8.2 billion in goods are currently caught in a bureaucratic limbo, with importers still being prompted to pay the invalidated fees. While the administration has vowed to bypass the ruling using Section 122 for a new 10% global levy, the financial fallout remains significant, with $133 billion already collected and major retailers like Costco seeking massive refunds for these unauthorized taxes.

Topics Covered

• ⚖️ The constitutional limits of executive power and the separation of taxing authority.
• 🚢 Operational delays at U.S. ports as Customs systems lag behind the court ruling.
• 💼 Corporate legal strategies for reclaiming billions in previously paid tariff duties.
• 🏛️ The administration response and the pivot to Section 122 emergency measures.
• 📊 The long-term economic impact of shifting trade alliances and pricing uncertainty.

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• (00:00) - Introduction