29-05-25, 05:57
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#16
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BOMBSHELL -FED Court BLOCKS Trump Tariff MADNESS-Its Unconstitutional
US FED Court BLOCKS Trump From Imposing Sweeping Tariffs -Financial Markets Rise
Worldwide Humiliation For Trump as FED Court Rules His Tariff MADNESS is Unconstitutional
Ruling from court of international trade in New York comes after slew of lawsuits arguing president exceeded authority
The Guardian 29 MAY 2025
A federal trade court on Wednesday blocked Donald Trump from imposing sweeping tariffs on imports under an emergency powers law.
The ruling from a three judge panel at the New York based court of international trade came after several lawsuits arguing Trump has exceeded his authority, left US trade policy dependent on his whims and unleashed economic chaos.
The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs, the court wrote, referring to the 1977 International Emergency Economic Powers Act.
The court does not pass upon the wisdom or likely effectiveness of the presidents use of tariffs as leverage. That use is impermissible not because it is unwise or ineffective, but because federal law does not allow it
The Trump administration has reportedly filed a notice of appeal, and White House officials responded to the ruling with public statements challenging the courts authority in the case..
It is not for unelected judges to decide how to properly address a national emergency, Kush Desai, a White House spokesperson, said in a statement to Reuters.
Financial markets, in contrast, cheered the ruling. The US dollar rallied following the courts order, surging against currencies such as the euro, yen and the Swiss franc in particular. Wall Street futures rose and equities across Asia also rose.
The ruling, if it stands, blows a giant hole through Trumps strategy to use steep tariffs to wring concessions from trading partners, draw manufacturing jobs back to US shores and shrink a $1.2TRIL US goods trade deficit, which were among his key campaign promises.
Without the instant leverage provided by the tariffs of 10% to 54% that Trump declared under the IEEPA, which is meant to address unusual and extraordinary threats during a national emergency, the Trump administration would have to take a slower approach of lengthier trade investigations under other trade laws to back its tariff threats.
The decisions of the court of international trade, which hears disputes involving international trade and customs laws, can be appealed to the US court of appeals for the federal circuit in Washington DC, and ultimately the US supreme court.
At least seven lawsuits are challenging the levies, the centerpiece of Trumps trade policy. Tariffs must typically be approved by Congress, but Trump says he has the power to act because the countrys trade deficits amount to a national emergency. He imposed tariffs on most of the countries in the world at one point, sending markets reeling.
The plaintiffs argued that the emergency powers law does not authorize the use of tariffs, and even if it did, the trade deficit does not meet the laws requirement that an emergency be triggered only by an unusual and extraordinary threat. The US has run a trade deficit with the rest of the world for 49 consecutive years.
Trump imposed tariffs on most of the countries in the world in an effort to reverse Americas massive and longstanding trade deficits. He earlier plastered levies on imports from Canada, China and Mexico to combat the illegal flow of immigrants and the synthetic opioids across the US border.
His administration argues that courts approved then president Richard Nixons emergency use of tariffs in 1971, and that only Congress, and not the courts, can determine the political question of whether the presidents rationale for declaring an emergency complies with the law.
Trumps liberation day tariffs shook global financial markets and led many economists to downgrade the outlook for US economic growth. So far, though, the tariffs appear to have had little impact on the worlds largest economy.
Worldwide Humiliation For Trump
https://www.youtube.com/watch?v=DLL9WulB6G4
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