The U.S. Supreme Court has invalidated some tariffs enacted by the Trump administration under the International Emergency Economic Powers Act of 1977, deeming them unconstitutional. However, most auto industry-related tariffs, including those on auto parts, steel, aluminum, and vehicles, remain in effect as they were issued under other laws like the Trade Expansion Act of 1962. This ruling means that car buyers should not expect immediate drops in new-car prices, as automakers continue to bear significant tariff costs.
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U.S. Supreme Court Invalidates Some Trump Tariffs, But Most Auto Industry Tariffs Remain In Effect
The U.S. Supreme Court has invalidated some tariffs enacted by the Trump administration under the International Emergency Economic Powers Act of 1977, deeming them unconstitutional. However, most auto industry-related tariffs, including those on auto parts, steel, aluminum, and vehicles, remain in effect as they were issued under other laws like the Trade Expansion Act of 1962. This ruling means that car buyers should not expect immediate drops in new-car prices, as automakers continue to bear significant tariff costs.