The ruling from a three-judge panel at the New York-based Court of International Trade came after several lawsuits arguing the US president had exceeded his authority, left US trade policy dependent on his whims and unleashed economic chaos.
“The court does not pass upon the wisdom or likely effectiveness of the president’s use of tariffs as leverage. That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it,” a three-judge panel said in the decision.
The Trump administration is expected to appeal.
He imposed tariffs on most of the countries in the world at one point, sending markets reeling.
Even if it did, they say, the trade deficit does not meet the law’s requirement that an emergency be triggered only by an “unusual and extraordinary threat”.
Trump imposed tariffs on most of the countries in the world in an effort to reverse America’s massive and longstanding trade deficits.
His administration argues that courts approved then-president Richard Nixon’s emergency use of tariffs in 1971, and that only Congress, and not the courts, can determine the “political” question of whether the president’s rationale for declaring an emergency complies with the law.
With agencies
Read More Details
Finally We wish PressBee provided you with enough information of ( US court blocks Trump’s tariffs saying he exceeded presidential authority )
Also on site :