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Trump Vows to Maintain Tariffs Despite Court Ruling Them Illegal

Trump Vows to Maintain Tariffs Despite Court Ruling Them Illegal

Global Cryptocurrency
Release Time:
2025-08-30 00:02:02
0
BTCCSquare news:

Former President Donald TRUMP has defiantly rejected a federal court's ruling that declared his emergency tariffs unlawful. In a Truth Social post, Trump asserted the tariffs would remain in effect, claiming the appellate decision was flawed and expressing confidence the Supreme Court would overturn it. The tariffs, a cornerstone of his trade policy, were framed as essential protections for U.S. manufacturers and farmers against foreign trade imbalances.

The U.S. Court of Appeals for the Federal Circuit ruled the emergency statute cited by the administration explicitly excludes tariff authority. "The law grants no power to impose taxes or duties," the court stated, undermining Trump's leverage tool for trade negotiations. Market volatility has frequently accompanied these measures, though the ruling's immediate impact remains uncertain.

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