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US Supreme Court strikes down Trump's global tariffs

23 Sept 02:46 Key points summarised by AI

The US Supreme Court, in a 6-3 ruling, struck down former President Donald Trump's sweeping tariffs, stating he exceeded his authority under a national emergency law.
Chief Justice John Roberts clarified that the International Emergency Economic Powers Act (IEEPA) does not grant the president the power to impose tariffs, rejecting Trump's interpretation.
The Court affirmed that the power to impose tariffs lies with Congress, with the majority opinion citing the 'major questions' doctrine to emphasize the need for clear congressional authorization for such significant actions.
This landmark decision has major implications for the global economy and marks a significant legal defeat for Trump's use of tariffs as a central economic and foreign policy tool.

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.