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NVO Option Return Rate【Ruled Illegal! #US Supreme Court Rejects Trump's Global Tariff Policy# 】
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On February 20th, Reuters reported that the US Supreme Court has rejected President Trump's comprehensive tariff policy, ruling that the large-scale tariffs implemented by the Trump administration by invoking the "International Emergency Economic Powers Act" are illegal.
It is widely believed that this ruling will not only have a significant impact on the global economy but also sets boundaries for Trump's authority on related issues.
The ruling passed with a 6-3 vote. The majority opinion, authored by conservative Chief Justice Roberts, upheld the lower court's decision, stating that Trump's invocation of the 1977 law to impose tariffs exceeded presidential authority.
In response to the Supreme Court ruling his tariff policy illegal, Trump called the ruling a "disgrace."
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