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US Appeals Court Rules Bulk of Trump’s Tariffs Illegal, Legal Battle Looms
US Appeals Court Rules Bulk of Trump’s Tariffs Illegal, Legal Battle Looms
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BTCCSquare news:
A federal appeals court declared the majority of former President Donald Trump's global tariffs unlawful, citing overreach of emergency powers. The US Court of Appeals for the Federal Circuit upheld a prior ruling from the Court of International Trade, though tariffs remain in effect pending further litigation. TRUMP vowed to challenge the decision, calling the court "Highly Partisan" in a Truth Social post.
Brazilian President Luiz Inacio Lula da Silva authorized retaliatory measures against Trump's 50% tariffs but emphasized diplomatic resolution. Simultaneously, the $800 duty-free loophole expired, subjecting small imports to 10%-50% tariffs. Mexico is poised to align its trade policies with the US amid the ongoing legal uncertainty.
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