Appeals Court Invalidates Key Trump Tariffs, Setting Stage for Supreme Court Decision
TL;DR Summary
A U.S. appeals court ruled that most of President Trump's reciprocal tariffs imposed in April are illegal, citing overreach of presidential authority, but sector-specific tariffs on steel and aluminum remain unaffected and are likely to continue. Trump plans to appeal to the Supreme Court, which could alter the scope of tariffs if they are deemed illegal.
Topics:nation#appeals-court-ruling#legal-challenge#politics#reciprocal-tariffs#trade-policy#trump-tariffs
- Trump tariffs that are voided by — and ones that are safe from — Friday's appeals court ruling CNBC
- US Trading Partners ‘Dazed and Confused’ After Tariff Court Loss Bloomberg.com
- Appeals court invalidates many of Trump's tariffs. Next stop: The Supreme Court. Yahoo Finance
- Ruling on Trump’s tariffs is a major setback for the White House The Washington Post
- Trump tariffs and the Fed: Fate of U.S. economy may lie with the Supreme Court Axios
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