A federal court has struck down President Donald Trump’s “reciprocal” tariffs on a wide range of countries, saying his effort to justify them with broad claims of national emergencies exceeded his legal authority.
“The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs,” the New York-based federal court said in its opinion, referring to the 1977 International Emergency Economic Powers Act.
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President Donald J. Trump’s tariff policy was starting not to be viewed as a reckless endeavor. It brought nations back to the table for renegotiations. We already signed one with the United Kingdom, China is still in the works, and dozens of other countries are lined up to re-do their agreements with the United States. That’s now in peril as a federal court ruled the president can’t establish reciprocal tariffs (via Politico):
