The court’s decision blocks the tariffs Trump slapped last month on almost all U.S. trading partners and levies he imposed before that on China, Mexico and Canada.
In February, he’d invoked the law to impose tariffs on Canada, Mexico and China, saying that the illegal flow of immigrants and drugs across the U.S. border amounted to a national emergency and that the three countries needed to do more to stop it.
The U.S. Constitution gives Congress the power to set taxes, including tariffs. But lawmakers have gradually let presidents assume more power over tariffs — and Trump has made the most of it.
The tariffs are being challenged in at least seven lawsuits. In the ruling Wednesday, the trade court combined two of the cases — one brought by five small businesses and another by 12 U.S. states.
The ruling does leave in place other Trump tariffs, including those on foreign steel, aluminum and autos. But those levies were invoked under a different law that required a Commerce Department investigation and could not be imposed at the president’s own discretion.
So the tariffs that didn’t ever go into effect that were changed daily for the last four months now just dont exist anymore because this judge struck them down? Well color me surprised I guess we had the worst stock market in 20 years just for fun
He’s a very stable genius with plans beyond the comprehension of us mortals.
Plus, predictable market volatility cause by your own words makes for some easy stock wins.
I was hoping for at least SOME deteriorating conditions! These damn judges getting in the way of our hard earned economic collapse
It wasn’t for nothing, some insiders became slightly richer in the process
