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Federal Court Blocks Sweeping US Tariffs, Don Readies to File Appeal
The New Indian Express Chennai
|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.
Esta historia es de la edición May 30, 2025 de The New Indian Express Chennai.
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