🇺🇸 U.S. Court Overturns Trump's Broad Tariffs, Citing Executive Overreach In a landmark decision, the U.S. Court of Inter...

🇺🇸 U.S. Court Overturns Trump's Broad Tariffs, Citing Executive Overreach

In a landmark decision, the U.S. Court of International Trade has invalidated former President Donald Trump's extensive "Liberation Day" tariffs, ruling that he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).  

The court determined that the economic conditions cited did not constitute the "unusual and extraordinary threat" required to invoke IEEPA, emphasizing that such broad tariff impositions fall under Congressional jurisdiction.  

This ruling has significant implications for international trade, as it nullifies tariffs that had strained relations with key trading partners and disrupted global markets.  

The Trump administration has announced plans to appeal the decision, arguing that the tariffs were necessary to address trade imbalances and protect domestic industries.