US EditionUS court blocks most Trump tariffs, says president exceeded his authority
- On Wednesday, a federal trade court ruled that most of President Trump's emergency tariffs were unlawful because they went beyond his legal authority.
- The court found that Trump misused the 1977 International Emergency Economic Powers Act by imposing tariffs not mentioned in the statute.
- The decision affects steep country-specific tariffs set on April 2, which could disrupt business plans and trade with high-tariff countries, especially China.
- The judges ordered the administration to eliminate the tariffs within 10 days, highlighting that the president’s authority under the Trade Act of 1974 permits imposing tariffs up to 15 percent for a maximum duration of 150 days.
- The Trump administration has appealed the ruling, and the outcome could significantly alter U.S. Trade policy and the administration's leverage in ongoing negotiations.
454 Articles
454 Articles
Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs
A federal court ruling against President Donald Trump’s authority to impose sweeping tariffs might be only a temporary setback for the administration, say Goldman Sachs economists. The New York-based U.S. Court of International Trade ruled on May 28 that Trump exceeded his authority by tapping the International Emergency Economic Powers Act (IEEPA) to implement levies on other countries. The IEEPA is a federal law enacted in 1977 that permits th…
Trump Plans to Ask the Supreme Court This Friday to Keep Tariffs in Force
White House lawyers are working hard to save their business strategy after Wednesday’s ruling that overturned the bulk of their tariffs. On Wednesday, they asked the International Trade Tribunal to cautiously suspend the enforcement of their ruling. On Thursday, they have done the same before a Washington Federal Court of Appeals. And in their 124-page brief they anticipate that if those courts do not suspend the decision, they will come to the …
Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs - The Thinking Conservative
Federal court ruling against President Trump’s authority to impose sweeping tariffs might be temporary for the admin, say Goldman Sachs economists. The post Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs appeared first on The Thinking Conservative.
Trump has other ways to impose tariffs despite US court ruling, Wall Street analysts say
President Trump has several tools at his disposal that he can use to impose tariffs despite a court ruling that ordered the reversal of his hefty “Liberation Day” taxes, according to a note by Goldman Sachs analysts on Thursday.
Coverage Details
Bias Distribution
- 47% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
