The Federal Judicial Panel also ruled on our Reciprocal tariffs with other countries and found Trump has no rights legally to levy tariffs. The argument will go to the Supreme Court.
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Is There a Dignified Legal Way, Preferably in Latin, to Say “Holy Shit”?
A court just threw out Trump’s whole trade agenda
MAY 29READ IN APP
It will take me a while to digest this:
A panel of federal judges on Wednesday blocked President Trump from imposing some of his steepest tariffs on China and other U.S. trading partners, finding in two cases that he vastly overstepped his ability to issue those expansive duties under federal law.
The ruling, by the U.S. Court of International Trade, delivered an early yet significant setback to Mr. Trump in his campaign to strike a series of agreements that reorient the nation’s trading relationships, setting up a legal fight that could soon reach the Supreme Court.
The cases centered on the president’s use of a 1977 federal economic emergency law to issue many of his steep duties, including some of his tariffs on Canada, Mexico and China, and his “reciprocal” rates on much of the rest of the world, which Mr. Trump announced and then suspended in April.