What will happen to Trump’s tariffs after ruling?

Federal appeals court strikes down several levies, a big setback for the president.

- PAUL WISEMAN AND LINDSAY WHITEHURST

PRESIDENT TRUMP, whose trade policies have brought chaos, meets with his Cabinet at the White House.

President Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.

Now a federal appeals court has thrown a roadblock in his path, ruling that heis violating the law.

The U.S. Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country.

The ruling largely upheld a May decision by a specialized federal trade court in New York. But the 7-4 appeals court decision tossed out a part of that ruling that would have overturned the tariffs immediately, allowing the Trump administration time to appeal to the U.S. Supreme Court.

The ruling was a big setback for Trump, whose trade policies have rocked financial markets, paralyzed businesses with uncertainty and raised fears of higher prices and slower economic growth.

Which tariffs did the court knock down?

The court's decision centers on the tariffs — export taxes — Trump imposed in April on almost all U.S. trading partners and levies he imposed before that on China, Mexico and Canada.

‘Trump on April 2— “Liberation Day,” he called it — imposed so-called reciprocal tariffs of up to 50% on countries with which the U.S. runs a trade deficit and 10% baseline tariffs on almost everybody else.

The president later suspended the reciprocal tarif's for 90 days to give countries time to negotiate trade agreements with the United States — and reduce their barriers to American exports. Some of them did —including the United Kingdom, Japanand the European Union— and agreed to lopsided deals with Trump to avoid even bigger tariffs.