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The Supreme Court will today hear arguments regarding President Donald Trump's authority to impose a worldwide tariff regime, a case that could challenge Congress' power over taxation. The Trump administration claims that the International Emergency Economic Powers Act (IEEPA) grants the president broad powers to regulate trade during emergencies. Georgetown Law professor Josh Chafetz observed: “It's going to be a huge blow to Congress if Mr. Trump essentially can try to raise as much money as he wants by levying tariffs.” A ruling in favor of Mr. Trump could undermine congressional authority and complicate future legislative actions. Conversely, a decision against him may pressure Congress to legislate on tariffs, as noted by Molly Reynolds from the Brookings Institution. The outcome could significantly impact the balance of power between the presidency and Congress.
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