Trump Tariffs Blocked by Courts | Political News and Analysis

Trump Tariffs Blocked by Courts | Political News and Analysis

Mercado Media

55 лет назад

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A federal court has dealt a significant blow to President Trump's trade agenda by ruling that his administration overstepped its authority in imposing sweeping tariffs under the International Emergency Economic Powers Act (IEEPA). The U.S. Court of International Trade unanimously ruled that the IEEPA does not grant the president the power to unilaterally impose such broad tariffs, resulting in a permanent injunction against their enforcement. This decision affects tariffs introduced on April 2, 2025, known as the "Liberation Day" tariffs, which aimed to levy a 10% baseline tariff on most imports and higher rates on goods from countries with significant trade surpluses, such as China and the EU.

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