Federal Court Blocks Trump’s Tariffs, Citing Exceeded Authority
- A US federal court blocked President Trump’s tariffs, ruling he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
- The court emphasized that only Congress can regulate international commerce.
- The decision was in response to lawsuits from businesses and state governments.
- Trump had imposed a 10% tariff on most imports, citing trade deficits as a national emergency.
- The Trump administration plans to appeal the court’s decision.
The Manhattan-based Court of International Trade ruled that President Trump overstepped his legal bounds by imposing global tariffs under IEEPA, asserting that such authority lies with Congress. The administration intends to appeal this ruling.
Source (2.6)https://cryptobriefing.com/trump-tariffs-blocked-court-ruling/?rand=59535