Trump, Tariffs and supreme court
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Trump's been accused of walking back on his trade policies. Now, a federal court has struck down his "reciprocal" tariffs — the same ones he put on hold.
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"If the court's decision is ultimately upheld, importers can get their money back," a former Clinton trade official told Newsweek.
"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."
Trump has been accused of walking back on his trade policies. Now, a federal court has struck down his "reciprocal" tariffs — the same that Trump put on hold.
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LEVEL Man on MSNHow Trump Will React to Tariffs Being Declared IllegalThe U.S. Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and justify his sweeping tariffs.
A US trade court has rebuked Donald Trump's reciprocal tariffs strategy, deeming his broad tariffs imposed under the International Emergency Economic Powers Act as an overreach of presidential power.
Donald Trump's 50% import tax against the European Union is the latest tariff to get delayed, but the impacts the policies overall are still looming for folks like you.
Experts agree tariffs and pressure from President Donald Trump to make iPhones in the U.S. will drive prices higher, but disagree on how much.