The decision temporarily suspends a lower court ruling that found Trump exceeded his authority by imposing the tariffs under the International Emergency Economic Powers Act (IEEPA) — a law typically used for national security sanctions.
A three-judge panel of the U.S. Court of International Trade had earlier ruled that only Congress has the constitutional power to impose tariffs, prompting the Trump administration to appeal. The Federal Circuit put that decision on hold pending further review.
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this gives scope for the tariffs to remain in effect at least until then.
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At the margin not a risk-positive for the session.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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