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THE TRUMP 2024 THREAD
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<blockquote data-quote="Box Ox" data-source="post: 6128016" data-attributes="member: 48469"><p>[URL unfurl="true"]https://www.axios.com/2025/05/28/trump-tariffs-trade-court-ruling[/URL]</p><h3><span style="font-size: 18px">Court says Trump doesn't have the authority to set tariffs</span></h3><p>5/28/25</p><p></p><p>"A federal court on Wednesday ruled President <a href="https://www.axios.com/politics-policy/donald-trump" target="_blank">Trump</a> does not have the authority under economic emergency legislation to impose sweeping global <a href="https://www.axios.com/economy/tariffs" target="_blank">tariffs</a>.</p><p></p><p><strong>Why it matters: </strong>The U.S. Court of International Trade's ruling could bring the administration's trade war to a screeching halt.</p><p></p><p>-By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office.</p><p></p><p><strong>Driving the news: </strong>The court, ruling in two separate cases, issued a summary judgment throwing out all the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.</p><p></p><p>-Trump used the 1977 law, which had never before been invoked in a tariff situation, to unilaterally impose sweeping trade levies worldwide.</p><p></p><p>-The two groups of plaintiffs — businesses and states — sued on the grounds that the president's orders violated the Constitution's grant of authority over import duties to Congress."</p></blockquote><p></p>
[QUOTE="Box Ox, post: 6128016, member: 48469"] [URL unfurl="true"]https://www.axios.com/2025/05/28/trump-tariffs-trade-court-ruling[/URL] [HEADING=2][SIZE=5]Court says Trump doesn't have the authority to set tariffs[/SIZE][/HEADING] 5/28/25 "A federal court on Wednesday ruled President [URL='https://www.axios.com/politics-policy/donald-trump']Trump[/URL] does not have the authority under economic emergency legislation to impose sweeping global [URL='https://www.axios.com/economy/tariffs']tariffs[/URL]. [B]Why it matters: [/B]The U.S. Court of International Trade's ruling could bring the administration's trade war to a screeching halt. -By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office. [B]Driving the news: [/B]The court, ruling in two separate cases, issued a summary judgment throwing out all the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA. -Trump used the 1977 law, which had never before been invoked in a tariff situation, to unilaterally impose sweeping trade levies worldwide. -The two groups of plaintiffs — businesses and states — sued on the grounds that the president's orders violated the Constitution's grant of authority over import duties to Congress." [/QUOTE]
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