"What do broad student-loan forgiveness and tariffs have in common? More than you might think, according to the nation's highest court. On Friday, the Supreme Court struck down most of President Donald Trump's tariffs, ruling that he lacked the authority to enact his expansive tariff policies under the International Emergency Economic Powers Act. While IEEPA allows the president to regulate economic activity during emergencies, the Supreme Court said that Trump's tariffs went beyond the law's threshold."
"As Justice Neil Gorsuch wrote in his concurring opinion on Friday, the court requires "clear congressional authorization" to carry out broad economic policies like student-loan forgiveness or tariffs. Chief Justice John Roberts echoedthat in his tariff opinion, writing that in Biden v. Nebraska, the student-debt ruling, the court "declined to read authorization to 'waive or modify' statutory or regulatory provisions applicable to financial assistance programs as a delegation of power to cancel $430 billion in student loan debt.""
The Supreme Court invalidated most of President Trump's tariffs under the International Emergency Economic Powers Act, finding the measures exceeded statutory authority. The Court linked that result to its 2023 decision striking down broad student-loan forgiveness for lack of clear congressional authorization. Justices invoked the major questions doctrine, requiring explicit congressional authorization for sweeping economic actions by the executive or federal agencies. Opinions from Justices Neil Gorsuch and Chief Justice John Roberts emphasized the need for clear statutory language before permitting large-scale economic interventions such as tariff programs or debt cancellation.
Read at Business Insider
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