Source link : https://tech365.info/supreme-courtroom-kills-trump-tariffs-what-it-means-for-apple/
The Supreme Courtroom dominated on Friday that President Donald Trump doesn’t have the authority to impose tariffs on imports coming into the US from nearly each nation. This might ease prices for U.S. firms that rely closely on abroad manufacturing, together with Apple.
Within the months since Trump started broadly imposing tariffs, Apple paid billions in these import taxes. And its rearranged its provide chain to maneuver some product meeting away from China, the nation that the president made the first focus of his tariff coverage.
Sweeping Trump tariffs get struck down
Underneath the Worldwide Emergency Financial Powers Act, the president has the authority to impose tariffs in an emergency. However it doesn’t outline what constitutes a commerce disaster, so Trump merely declared an emergency at any time when he wished to tax a rustic’s imports into the US.
However in a call that limits the scope of government authority beneath the IEEPA, the excessive courtroom stated the Trump administration overstepped in imposing sweeping tariffs on a broad vary of imported items.
“The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote, in response to Reuters. Solely Congress has the facility to tax.
What this implies for Apple
Regardless of President Trump’s declare that exporting nations bear the price of tariffs, Apple has paid billions in taxes on imports from China and different nations. Apple paid roughly…
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Author : tech365
Publish date : 2026-02-20 17:08:00
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