Trump tariffs blocked by Court of International Trade: What happens next?
In a significant legal development, the U.S. Court of International Trade has struck down President Donald Trump's sweeping reciprocal tariffs, marking a serious challenge to his administration's trade policy legacy. The decision halts a set of tariffs the Republican politician had unilaterally imposed in April to address alleged international trade imbalances and drug trafficking concerns.A three-judge panel concluded that Trump had overstepped his authority under the International Emergency Economic Powers Act (IEEPA) - a statute enacted in 1977 to empower presidents during international crises. The court determined that the broad-based import tariffs did not address the specific threats cited in the orders and therefore were outside the scope of powers granted under the law.Trump Says UK Trade Deal Is 'Full and Comprehensive'"The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by […]
