HOT DAMN‼️
The U.S. Court of International Trade has GONE THERE….
Ruling that President Donald Trump does NOT the AUTHORITY to involk Trade Tariff’s….
In FACT tariff’s ARE Treaties with other countries….
Only the US Congress can approve International Treaties….
Hang on People….
Trump’s Freelancing is up for a test…..
Trump belives that as President he CAN WTF he wants…..
Laws, Courts. Congress and the Constituion don’t count….
A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.
Why it matters: The U.S. Court of International Trade’s ruling could bring the administration’s trade war to a screeching halt.
- By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office.
Driving the news: The court, ruling in two separate cases, issued a summary judgment throwing out all the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.
- Trump used the 1977 law, which had never before been invoked in a tariff situation, to unilaterally impose sweeping trade levies worldwide.
- The two groups of plaintiffs — businesses and states — sued on the grounds that the president’s orders violated the Constitution’s grant of authority over import duties to Congress.
- The administration filed a notice of appeal soon after the ruling.
Zoom in: “The question in the two cases before the court is whether the International Emergency Economic Powers Act of 1977 (“IEEPA”) delegates these powers to the President in the form of authority to impose unlimited tariffs on goods from nearly every country in the world,” the three-judge panel wrote.
- “The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder.”
- Tariffs imposed under a different legal authority called Section 232 — including on imports of autos, steel and aluminum — are unaffected by the ruling.
For the record: The court, which gets relatively little attention compared to most other federal courts, has jurisdiction over civil cases arising from trade disputes.
- The three judges who heard the case were Reagan, Obama and Trump appointees…..
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The intrigue: The court skipped over the plaintiffs’ motions for an injunction and went directly to issuing a judgment, saying IEEPA did not authorize any of the “Worldwide, Retaliatory or Trafficking” orders.
- “The challenged Tariff Orders will be vacated and their operation permanently enjoined,” the court wrote.
What to watch: With tariffed goods arriving at U.S. ports every day, the confusion over what’s in force and what to charge could throw imports into chaos.
- Markets, and businesses, will likely be paying rapt attention in coming days to how the administration responds and whether higher courts intervene……
Update…
A second federal court has ruled against President Donald Trump’s emergency tariffs on imports from around the world, dealing another blow to his trade agenda and efforts to strike new deals with dozens of countries.
“The International Economic Emergency Powers Act does not authorize the President to impose the tariffs set forth” in four executive orders Trump issued earlier this year, D.C. District Court Judge Rudolph Contreras said in a decision ordering a preliminary injunction on the collection of the duties on the two plaintiffs who brought the case….
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