Friday, May 30, 2025

President Trump Isn’t a Tariff King

 https://www.wsj.com/opinion/donald-trump-tariffs-ieepa-court-of-international-trade-ruling-08e76022?mod=hp_opin_pos_1

A sweeping trade court ruling puts the executive in his proper constitutional place.

In a ruling heard ’round the world, the U.S. Court of International Trade on Wednesday blocked President Trump’s sweeping tariffs. This is an important moment for the rule of law as much as for the economy, proving again that America doesn’t have a king who can rule by decree.

The Trump tariffs have created enormous costs and uncertainty, but now we know they’re illegal. As the three-judge panel explains in its detailed 52-page ruling, the President exceeded his emergency powers and bypassed discrete tariff authorities delegated to him by Congress. The ruling erases his April 2 tariffs as well as those on Canada and Mexico.

Small businesses and several states (V.O.S. Selections v. U.S.) challenged Mr. Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs willy-nilly. That law gives the President broad authority in a national emergency to “deal with any unusual and extraordinary threat” including to “regulate” the “importation” of foreign property.

No comments :

Post a Comment

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