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US trade court rules Trump overstepped his authority with global tariffs
A US federal court has blocked President Donald Trump's sweeping tariffs, in a major blow to a key part of his economic policiesA former senior official of the U.S. Customs and Border Protection Agency said: "At present, there have been no changes at the border and the tariffs still need to be paid."It needs to go through the appeals process then, if successful, the CBP will issue directions to its officers.There’s a long way to go yet. And indeed, a higher court might be more Trump-friendly.If all courts do uphold the ruling, businesses who’ve had to pay tariffs will receive refunds on the amounts paid, with interest.These include the so-called reciprocal tariffs, which were lowered to 10% across the board for most countries and were up to almost 150% on Chinese products, now 30%.John Leonard, who was until recently high up at the CBP, said the law Trump used to justify reciprocal tariffs (the IEEPA) was an obscure law from the 1970s It was dug up during Leonard’s time at the CBP in 2019 to justify tariffs against Mexico.Steel and aluminium tariffs fall under a different law (Section 232) and aren’t impacted by today’s ruling.
New York Attorney General welcomes ruling
New York Attorney General Letitia James, who has clashed with Trump on numerous occasions, welcomed the decision."The law is clear: no president has the power to single-handedly raise taxes whenever they like," James, who is a member of the Democratic Party, said."These tariffs are a massive tax hike on working families and American businesses that would have led to more inflation, economic damage to businesses of all sizes, and job losses across the country if allowed to continue," she added.
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