November 5 – Today is an important day for the US government. The US Supreme Court is set to hear a case related to US President Donald Trump. The case is concerned with the tariffs Trump imposed on several countries. In other words, the US Supreme Court will hear a crucial case on Wednesday that could redefine presidential authority over trade and reshape global economic relations.
The hearing will revolve around whether he abused the powers given to him through the International Emergency Economic Powers Act (IEEPA). Trump’s future is at stake here because if the court rules against him, the U.S. government could be required to pay back billions of dollars in tariffs collected from a range of countries.
The case, Learning Resources Vs Trump, will decide whether a U.S. president can use emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs without congressional approval. The outcome could have sweeping implications for Donald Trump’s “Liberation Day” tariffs and for global trade policy. According to a note by the Global Trade Research Initiative (GTRI), if the Supreme Court rules against Trump, it could force the administration to withdraw tariffs imposed under IEEPA. It stated “Such a ruling would mean all “Liberation Day” tariffs–and subsequent rate hikes–lack a lawful basis.
Meanwhile, Trump described the upcoming Supreme Court case on tariffs as one of the most significant in American history, saying the decision would determine the country’s economic strength and security.The top court justices will hear the case on November 5. Sharing a post on Truth Social, Trump wrote, “Next week’s Case on Tariffs is one of the most important in the History of the Country. If a President is not allowed to use Tariffs, we will be at a major disadvantage against all other Countries throughout the World, especially the ‘Majors.’
Confident before the hearing, Trump faces a crucial challenge in which, according to the media, a ruling against him might require him to return nearly $100 billion to importers. According to estimates by PwC, that through the end of October, the United States had collected a total of $108 billion in tariffs, with China contributing the most at about $34 billion. PwC estimates that India contributed about $487 million.
“If the Supreme Court strikes down the Trump administration’s IEEPA tariff scheme entirely, the decision could declare the challenged tariffs invalid, requiring US Customs and Border Protection (CBP) to cease collection and unwind the existing tariff structure. At the same time, importers could face the complex question of how to obtain refunds, as invalidation of the IEEPA tariffs may open the door to potential reimbursement of tariffs paid,” PwC said in a report.
In this matter, Indian-American attorney Neal Katyal will argue against President Donald Trump. Katyal, the lead attorney, will assert that taxes and tariffs can only be levied by Congress, which possesses that authority, not the President. Trump, on the other hand, has stated that if he loses this case, the United States could end up “like a third-world country.”
Reports indicate that while the Supreme Court typically reserves 60 minutes for hearings in regular instances; however, Trump’s hearing will reportedly last 80 minutes because of its complexity and significance. During his presidency, President Trump had relied on tariffs to extract compliance from several countries. Most notably, he imposed tariff penalties on India for purchasing oil from Russia. In time, Trump’s tariff diplomacy was under sustained criticism and frequently labeled “bullying diplomacy.”
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