Thursday, May 29, 2025

Court blocks Trump tariffs: 5 takeaways

 https://thehill.com/homenews/administration/5323730-court-rules-against-trump-tariffs/

Much of President Trump’s sweeping tariffs were halted Wednesday when a federal court ruled that an emergency law does not give the president unilateral authority to impose tariffs on nearly every trading partner.

The ruling offers a huge blow to Trump’s trade agenda and declares that his “Liberation Day” tariffs, including those imposed on China, are illegal. Most of those tariffs had been reduced to 10 percent but could now have to go away entirely while refunds are provided to those who paid duties.

Still, the ruling leaves room for the Trump administration to replace some of those tariffs with new ones under different U.S. laws. It would also leave tariffs in place on some imports, including cars and aluminum.

That means negotiations between much of the world and a Trump administration using tariffs as leverage will likely continue.

7 comments :

  1. You must be so disappointed: https://www.youtube.com/watch?v=IYTTruvjotg

    ReplyDelete
    Replies
    1. Trump is destroying American businesses and economy and ypu think that is great?!

      Delete
    2. America is doing fine, thank you. Still the most powerful economy in the world. Still the bulwark of defence against totalitarianism. Treating Trump like anti-Semites treat Jews is unbecoming of you.

      Delete
    3. America is not doing well and it is because of Trump

      Delete
    4. were they doing well under Joe Biden?
      https://www.heritage.org/budget-and-spending/heritage-explains/the-truth-about-joe-bidens-economy

      Delete
    5. Yes the ecoomy was doing well under Biden

      Delete
    6. Trump shares wild conspiracy theory suggesting Biden was killed in 2020, replaced by a clone.,....

      https://www.hindustantimes.com/world-news/us-news/donald-trump-shares-wild-conspiracy-theory-suggesting-joe-biden-was-executed-in-2020-replaced-by-clone-101748748464986.html?utm_source=ht_site_copyURL&utm_medium=social&utm_campaign=ht_site

      Delete

ANONYMOUS COMMENTS WILL NOT BE POSTED!
please use either your real name or a pseudonym.