The New York Times has just reported:
Let me contextualise this. The decision does not prove there is a god, but it does seem a little short of a miracle given the makeup of the Supreme Court, who must have known the consequences of their decision.
Trump's economic policy now lies in tatters.
Whose chosen method of economic warfare has been denied to him.
The cost of reparations is going to be considerable - and you can be sure the claims for losses will now pile in.
And if he can lose on this, confidence in what else he plans will be lost.
Of course, one should not overextrapolate a decision, but at the same time, why not? The whole logic of his administration is torn apart by this decision because what it makes clear is that there might still be a rule of law in the USA, and Trump cannot do whatever he wishes.
I do live in hope.
Has crunch time come for Trump?
And for the dollar?
What next? An Epstein trial? That could change things altogether.
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Yes… but I fear for those that might be in his cross-hairs as he looks for a distraction. Iran?
Agreed
The Court has ruled that the Administration exceeded its authority in relying on the International Emergency Economic Powers Act (IEEPA) to enact tariffs on most countries’ imports. In April 2025, Trump declared the U.S. trade deficit a “national emergency.” Attorneys for the administration have cited that declaration as the legal basis for invoking IEEPA, which allows the president to respond to “unusual and extraordinary threats” when a national emergency has been declared.
The IEEPA was passed in 1977. In the 50 years since its passage, the law has never been used by a president to impose tariffs. By the administration’s own admission, the trade deficit cited by Trump has persisted for nearly 50 years, which fact undermines Trump’s claim that there is an “unusual and extraordinary” trade emergency.
The law authorizes the president to “regulate … importation” during a declared national emergency, but it does not use the word “tariffs.”
Under the U.S. Constitution, Congress has the authority to enact tariffs, not the administration. “The Framers gave that power to ‘Congress alone’ — notwithstanding the obvious foreign affairs implications of tariffs,” Chief Justice John Roberts wrote for the majority. “And whatever may be said of other powers that implicate foreign affairs, we would not expect Congress to relinquish its tariff power through vague language, or without careful limits.”
Results so far: Companies heavily exposed to tariffs, such as retailers and appliance makers, immediately became some of the best performing stocks of the day.
Will this Congress authorize tariffs? When you sprout wings and fly.
God has just told me he works in mysterious ways. And leaves us to work out HIs influence.
🙂