💨 Abstract

A federal court blocked President Trump's plan to impose heavy tariffs on most imports, ruling he exceeded his authority in declaring a national emergency. The tariffs, imposed under the 1977 International Emergency Economic Powers Act, were deemed unconstitutional. The court's decision interrupts Trump’s trade policies, affecting global commerce and financial markets. The administration can appeal, but the ruling may lead international partners and businesses to reassess their positions until legal clarity is achieved.

Courtesy: WTOP Staff