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Federal Court Blocks Trump’s Tariffs, Rules President Overstepped Constitutional Authority


Vignesh Karunanidhi
для CoinEdition
Court Strikes Down Trump’s Broad Tariffs as Unlawful
  • The court blocked Trump’s “Liberation Day” tariffs and cited overreach of constitutional powers.
  • Judges say IEEPA can’t justify blanket tariffs; orders ruled unconstitutional.
  • Small businesses and states win; Trump administration files appeal after court’s injunction.

In a broad decision, a U.S. trade court halted President Donald Trump’s “Liberation Day” tariffs, finding that the administration had overreached its constitutional power by levying universal penalties on goods from trading partners. On Wednesday, the Court of International Trade issued a permanent injunction. They also cited Congress’s only authority to regulate international trade.

The Manhattan-based court ruled that Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose blanket tariffs was impermissible under federal law. The IEEPA is designed to address “unusual and extraordinary” threats during national emergencies, which the court found did not justify the broad tariff implementation.

The post Federal Court Blocks Trump’s Tariffs, Rules President Overstepped Constitutional Authority appeared first on Coin Edition.

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Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

The crypto market wobbled after Trump accused China of violating a tariff truce.
U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit

U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit

Most cryptocurrencies are trading lower today as market uncertainty grows following a...

Federal Court Blocks Trump’s Tariffs, Rules President Overstepped Constitutional Authority


Vignesh Karunanidhi
для CoinEdition
Court Strikes Down Trump’s Broad Tariffs as Unlawful
  • The court blocked Trump’s “Liberation Day” tariffs and cited overreach of constitutional powers.
  • Judges say IEEPA can’t justify blanket tariffs; orders ruled unconstitutional.
  • Small businesses and states win; Trump administration files appeal after court’s injunction.

In a broad decision, a U.S. trade court halted President Donald Trump’s “Liberation Day” tariffs, finding that the administration had overreached its constitutional power by levying universal penalties on goods from trading partners. On Wednesday, the Court of International Trade issued a permanent injunction. They also cited Congress’s only authority to regulate international trade.

The Manhattan-based court ruled that Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose blanket tariffs was impermissible under federal law. The IEEPA is designed to address “unusual and extraordinary” threats during national emergencies, which the court found did not justify the broad tariff implementation.

The post Federal Court Blocks Trump’s Tariffs, Rules President Overstepped Constitutional Authority appeared first on Coin Edition.

Читать материал на CoinEdition

Читать больше

Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

The crypto market wobbled after Trump accused China of violating a tariff truce.
U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit

U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit

Most cryptocurrencies are trading lower today as market uncertainty grows following a...