StmarysCity79
Well-Known Member
A US trade court has ruled Donald Trump’s sweeping tariffs regime illegal, in a dramatic twist that could block the US president’s controversial global trade policy.
The ruling by a three-judge panel at the New York-based court of international trade came after several lawsuits argued Trump had exceeded his authority, leaving US trade policy dependent on the president’s whims and unleashing economic chaos around the world.
Tariffs typically need to be approved by Congress but Trump has so far bypassed that requirement by claiming that the country’s trade deficits amount to a national emergency. This had left the US president able to apply sweeping tariffs to most countries last month, in a shock move that sent markets reeling.
https://www.theguardian.com/technol...nt-role-after-breaking-with-trump-on-tax-bill
The court’s ruling stated that Trump’s tariff orders “exceed any authority granted to the president … to regulate importation by means of tariffs”.
www.theguardian.com
The ruling by a three-judge panel at the New York-based court of international trade came after several lawsuits argued Trump had exceeded his authority, leaving US trade policy dependent on the president’s whims and unleashing economic chaos around the world.
Tariffs typically need to be approved by Congress but Trump has so far bypassed that requirement by claiming that the country’s trade deficits amount to a national emergency. This had left the US president able to apply sweeping tariffs to most countries last month, in a shock move that sent markets reeling.
https://www.theguardian.com/technol...nt-role-after-breaking-with-trump-on-tax-bill
The court’s ruling stated that Trump’s tariff orders “exceed any authority granted to the president … to regulate importation by means of tariffs”.
US federal court blocks Trump from imposing sweeping tariffs
Ruling from court of international trade in New York comes after slew of lawsuits arguing president exceeded authority
www.theguardian.com
