U.S. Supreme Court rules Trump administration's sweeping tariffs illegal

The U.S. Supreme Court ruled on Friday that U.S. President Donald Trump's sweeping tariffs under a law meant for use in national emergencies are illegal.

In a 6-3 ruling, the Supreme Court said that the tariff policies under the International Emergency Economic Powers Act (IEEPA) are unconstitutional, officially striking down the global tariffs Trump has introduced since April.

The justices ruled that the president did not have the authority under IEEPA to impose import tariffs on goods from nearly all the U.S. trading partners. The voting upheld that it is the right of Congress to impose taxes, not the president. The ruling is expected to affect global trade, companies, inflation and the pocketbook of every U.S. citizen, local media reported Friday.