US Court Rules Part of Trump’s Tariffs Unlawful

A US Court of International Trade has ruled that former President Donald Trump exceeded his authority when introducing certain tariffs against China and other countries, The New York Times reported.

The panel of judges suspended parts of the presidential order that imposed tariff restrictions on imports from China, Mexico, Canada, and several other nations. The court stated that the president lacked the legal grounds to use tariffs as a tool to protect the country from economic threats.

Trump based the order on the 1977 International Emergency Economic Powers Act. However, the legislation does not explicitly grant the president the authority to impose import tariffs. The non-profit Liberty Justice Center brought the lawsuit, arguing that Trump had acted beyond his powers and caused significant financial harm to small businesses.

Journalists noted that the ruling affects only a portion of the tariffs. The court upheld duties on imported metals and auto parts as legal.

Following the announcement, the US stock market saw a modest increase. The current administration has confirmed plans to appeal the decision.

Previously, Kursiv Uzbekistan reported that Trump’s tariffs had negatively impacted US oil companies.