Trump Tariffs Face Legal Hurdles Amidst Trade War Chaos
A federal appeals court temporarily reinstated Trump’s broad tariffs after a lower court blocked them, citing presidential overreach. This legal battle complicates international trade negotiations and affects financial markets, with U.S. trading partners reacting cautiously. The tariffs have significant economic implications, including increased costs for businesses and disrupted supply chains.
A federal appeals court has temporarily reinstated President Donald Trump's broad tariffs, following a U.S. trade court ruling that blocked them due to presidential overreach. The United States Court of Appeals for the Federal Circuit decided to pause the lower court's decision while considering a government appeal, requesting responses from plaintiffs by June 5 and the administration by June 9.
Wednesday's unexpected ruling by the U.S. Court of International Trade threatened to delay Trump's tariffs on imports from U.S. trading partners, including Canada, Mexico, and China. The tariffs were intended to address accused fentanyl facilitation but faced constitutional challenges, as the power to levy tariffs resides with Congress.
Despite the legal challenges, the Trump administration remains determined to implement the tariffs, citing leverage in international trade talks. Trump criticized the court's decision, demanding Supreme Court intervention. The trade court ruling and subsequent appeal proceedings cast uncertainty over future tariff policies, impacting industries from automotive to consumer goods.
(With inputs from agencies.)
Google News