Most Trump tariffs ruled illegal by appeals court, dealing major blow to trade policy
'...The U.S. Court of Appeals for the Federal Circuit held in a 7-4 ruling that the law Trump invoked when he granted his most expansive tariffs — including his “reciprocal” tariffs — does not actually grant him the power to impose those levies. ...The appellate court paused its ruling from taking effect until Oct. 14, in order to give the Trump administration time to ask the Supreme Court to reverse the decision.
Trump later Friday attacked the appeals court as “Highly Partisan” and asserted that the Supreme Court will rule in his favor.' ...The four dissenters said they disagreed with the majority’s conclusion on the question of the tariffs’ legality.
And the dissent said the plaintiffs had not justified their argument for a summary judgment in their favor.
Reference: www.cnbc.com
Tags:
No comments:
Post a Comment