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US Court Blocks Trump’s Tariffs, Potential Refunds Could Impact Global Trade
US Court Blocks Trump’s Tariffs, Potential Refunds Could Impact Global Trade
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The US Court of International Trade ruled President Trump’s reciprocal tariffs on China, Canada, and Mexico unlawful, citing presidential overreach. If upheld, tariffs collected since April 2 may be refunded—a decision now under appeal, potentially escalating to the Supreme Court.
Legal challenges to executive trade policies could reshape trillions in global commerce. The ruling specifically targets tariffs imposed under the ’Liberation Day’ proclamation, with the court asserting Congress holds constitutional authority over international trade regulation.
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