The 18th-century constitutional clause that could cost Trump €150bn 😊

The 18th-century constitutional clause that could cost Trump €150bn 😊

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The 18th-century constitutional clause that could cost Trump €150bn
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A federal judge in New York, Richard Eaton, has ordered Customs and Border Protection to stop applying tariffs under the International Emergency Economic Powers Act (IEEPA) and to process refunds for importers, following a Supreme Court ruling that found President Trump lacked the authority to impose such tariffs. The ruling affects hundreds of thousands of importers and could lead to refunds totaling up to $175 billion. The order aims to ensure uniformity in import duties as mandated by the US Constitution.

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