"United States Supreme Court rules President exceeded authority in imposing tariffs on steel & aluminum, paving way for potential business refunds worth bi
**Supreme Court Ruling Challenges President's Tariff Authority**
The United States Supreme Court has ruled that the president exceeded his constitutional authority by implementing sweeping tariffs last year, potentially paving the way for businesses to seek refunds worth billions of dollars.
**Background**
- The case in question revolves around the use of the International Emergency Economic Powers Act (IEEPA) by the president to impose tariffs on imported steel and aluminum.
- The IEEPA grants the president broad powers to regulate international commerce during a national emergency.
**Court's Decision**
- In a unanimous decision, the Supreme Court found that the president did not follow the proper legislative process when implementing the tariffs.
- The ruling emphasized that Congress, not the executive branch, holds the authority to levy such tariffs.
**Implications for Businesses**
- The court's decision could potentially result in businesses receiving refunds on tariffs paid since the policy's inception.
- The exact amount of money at stake is unclear, but analysts estimate it could reach billions of dollars.
**Next Steps**
- The ruling does not immediately repeal the tariffs; rather, it sends the case back to lower courts for further proceedings.
- It remains to be seen how the administration will respond to this decision and whether they will seek a legislative solution to implement the tariffs within the bounds of constitutional authority.
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