The U.S. Court of Appeals has declared most of Donald Trump’s global tariffs illegal. They applied to nearly all countries trading with the United States. According to the court, the president had exceeded his authority.
The tariffs were based on the Emergency Economic Powers Act passed in 1977. However, the court stated that this law does not grant the president the right to impose duties or taxes. Therefore, Trump’s argument that “trade imbalance is a threat to national security” was rejected.
Nevertheless, the tariffs will remain in effect until October 14. After that, they can only be preserved if the U.S. Supreme Court makes a different decision. The case is now expected to be reviewed by the Supreme Court.
Experts say this ruling could affect both the U.S. economy and the global market. Many countries may act cautiously in trading with the United States while waiting for the outcome, which could reduce economic activity.
If the Supreme Court upholds the appeals court ruling, a key part of Trump’s policy will suffer a major blow. If the ruling is overturned, he could use presidential powers even more broadly. Therefore, this issue is of great importance for U.S. politics and international trade.
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