Trade Court Strikes Down Trump’s ‘Liberation Day’ Tariffs
Businesses and states had sued the government, saying the president didn’t have the authority to impose the levies.
RIGHT
7m agoThe order halts Trump’s 30% tariffs on China, his 25% tariffs on some goods imported from Mexico and Canada, and the 10% universal tariffs on most goods coming into the United States. It does not, however, affect the 25% tariffs on autos, auto parts, steel or aluminum, which were subject to Section 232 of the Trade Expansion Act – a different law than the one Trump cited for his broader trade actions.
A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country, blocking a series of tariff announcements dating back to February that have rattled financial markets.
It was called Liberation Day in April. Now, a major item in the Trump administration’s arsenal to renegotiate trade agreements and alter the system that’s screwed over working Americans might be at risk. The globalist powers and interests would always find a way to thwart the president.