Donald Trump It was blocked by a federal court on Wednesday to impose an import set. taxes In almost all countries.
The ruling was in response to two demands separated by state companies and officials who accused the president of overcoming his authority to issue those DutyLeaving them with strong financial losses.
Trump had used the International Law of Emergency Economic Powers of 1977 (IEEPA), Which gives the President broad powers to “regulate a variety of economic transactions after a national emergency declaration.” Allhehe no president had previously used the law in a tariff situation, Trump invoked IEPA to impose his steep world rates. In his ruling, the panel of three judges in the United States International Trade Court unanimously determined that Congress did not give the President a “unlimited” tariff authority in the IEEPA.
The Trump administration is expected to appeal the ruling.
Last month, Trump and his allies announced that April 2 was a historic “Day of releaseFor the United States, with a base rate of 10 percent of all imported goods and the release of the White House A list of the nations and their respective tariff percentage, many of which cleared 50 percent.
Interestingly, Trump for a moment Placed rates in it Remote Australian territory Heard Islands and McDonald: an advanced position inhabited only by penguins and another Antarctic wild life.
As the financial markets collapsed, the economy contracted In the first quarter of 2025, and the main financial institutions warned that the president’s trade war will lead to greater inflation, unemployment and instability, Trump gave him Stir your rate schedule After his high statements. The President Reduced significant LED The ruinous enhanced tariffs that had implemented against China after stopping its initial “release day.” In an apparent reversal on the weekend, Trump dedicated himself to imposing a 50 percent tariff on all the assets of the European Union, but then backed away days later.
On Wednesday, The president broke out When a journalist asked him to respond to his nickname that emerges from Wall Street-“Taco” (Trump always goes out), as a result of the load of the Trump rate.
“Six months ago, this country was cold, we were dead. We had a dead country. We had a country, people didn’t believe it would survive,” Trump said, increasingly inflamed. “We weren’t doing business due to the rate, because it was very high. But I knew it. But never say what you said. That is an unpleasant question.”
