An unexpected twist in trade policy! A Manhattan federal court has halted President Donald Trump’s controversial 'Liberation Day' tariffs, ruling that the president stepped out of bounds. The court decided that regulating international commerce is a power reserved solely for Congress, not the executive branch.
This move came after the Liberty Justice Center filed a lawsuit on behalf of five small U.S. businesses—from a New York wine and spirits importer to a Virginia-based educational kits and musical instruments maker. These businesses warned that the tariffs would seriously disrupt their operations.
With this ruling, one of several legal challenges against the tariffs takes center stage, reminding us that checks and balances are key in shaping trade policy. Stay tuned as this story unfolds and continues to impact the U.S. trade landscape! ⚖️📈
Reference(s):
cgtn.com
