Trump has a number of avenues of appeal open - here's one ...Middle East

A US federal court blocked Trump's "Liberation Day" tariffs from going into effectUSD higher after US court says Trump doesn't have 'Liberation Day' tariff authorityTrump's tariffs blocked - what we knowThe US dollar is continuing to rocket higher on the tariff-block news

The latest is:

Trump has appealed against the court ruling blocking tariffs

In a nutshell, the Court ruled that Congress has not delegated authority to Trump some sort of umlimited authoirity to set tariffs:

Worldwide and Retaliatory Tariffs lack any identifiable limitsthus fall outside the scope of sec. 1702maximum limit to unilateral Presidential tariffs for "balance of payments" related means is 15% maximum for not more than 5 monthsfentanyl and reciprocal tariffs are moot (questionable)

In a nutshell, again, Trump has scope for tariffs, just perhaps not as wide as he initially announced.

This article was written by Eamonn Sheridan at www.forexlive.com.

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