¡Increíble, amigos! A U.S. appeals court just dealt a major blow to President Trump's trade arsenal. Most of his tariffs—like those on China, Canada and Mexico—were ruled illegal under an emergency law he invoked.
The Court of Appeals for the Federal Circuit upheld an earlier decision by the Court of International Trade that found Trump's move under the International Emergency Economic Powers Act (IEEPA) was out of bounds. Now, the case goes back to the lower court to figure out if the ruling applies broadly or only to the parties in this battle.
For now, the tariffs stay in place until October 14, giving the administration a window to take the fight to the U.S. Supreme Court. That pause means businesses and markets still face those extra fees and uncertainty over the next few weeks.
Tariffs have been a core tool for Trump in his second term, from his global 'reciprocal' levies in April to a separate round of duties in February targeting key trading partners. He's used them to put pressure on other countries, but they also stirred volatility on Wall Street.
Looking ahead, the lower court's next steps will be key. Supporters of the ruling say it protects American businesses and consumers from the uncertainty caused by unlawful tariffs. As Jeffrey Schwab of the Liberty Justice Center put it, "This ruling protects American businesses and consumers from the uncertainty and harm these unlawful tariffs have caused." 🌎📉
Reference(s):
cgtn.com
