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Musk out, but DOGE mission will continue
The New Indian Express Shivamogga
|May 30, 2025
Court of International Trade rules that Trump overstepped authority
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A US federal court blocked most of President Donald Trump's sweeping tariffs, boosting markets Thursday with a ruling that could derail his trade strategy.
The opinion marks a significant setback to Trump as he bids to redraw the US trading relationship with the world by forcing governments to the negotiating table through tough new tariffs.
Trump's global trade war has roiled financial markets with a stop-start rollout of import levies aimed at punishing economies that sell more to the United States than they buy.
Trump argued that the resulting trade deficits and the threat posed by the influx of drugs constituted a "national emergency" that justified widespread tariffs.
But the three-judge Court of International Trade ruled Wednesday that Trump had overstepped his authority, and barred most of the duties announced since he took office in January.
Attorneys for the Trump administration promptly filed an appeal against the ruling, which gave the White House 10 days to complete the bureaucratic process of halting the tariffs.
Diese Geschichte stammt aus der May 30, 2025-Ausgabe von The New Indian Express Shivamogga.
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