SCOTUS majority clear in Learning Resources that IEEPA doesn’t give carte blanche authority for executive action. We’ve written previously that the Court would be wary of overextending this 50-year-old statute (when Biden’s Treasury Dept tried to use IEEPA to sanction open source software). Two things of note (1) the Court left the door fairly open for tariffs under non-IEEPA authorities and (2) the Court doesn’t always split along ideological lines as everyone tends to suggest. Today is a prime example with two Trump appointees (Gorsuch and Barrett) ruling against his position. People forget that a Republican appointee wrote the majority in the original Roe v. Wade and a Democrat appointee wrote a dissent (!), Scalia provided the deciding vote against broad government searches in Kyllo and again in favor of the marijuana industry, etc. The list goes on.