Trump Tariffs Ruled Illegal by Federal Appeals Court
Court Ruling Overview
A federal appeals court has ruled that most of the tariffs imposed during the Trump administration are illegal. The court stated that imposing tariffs is a power reserved exclusively for Congress, and that President Trump overstepped his authority.
Quote from the ruling: “The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution. Tariffs are a core Congressional power.”
Impact and Next Steps
The court has paused the ruling until October 14, allowing the Trump administration time to appeal to the US Supreme Court. Meanwhile, all tariffs remain in effect, meaning imports are still subject to the duties.
Former President Trump reacted on Truth Social, writing: “Tariffs are still in effect! If these tariffs ever went away, it would be a total disaster for the country.”
This is the second major legal setback for the Trump-era tariffs. The final outcome now rests with the Supreme Court.
Key Takeaways
- Federal appeals court rules tariffs imposed by Trump largely illegal.
- Congress has exclusive power to impose tariffs under the Constitution.
- Ruling paused until Oct 14; Supreme Court appeal expected.
- All existing tariffs remain in effect for now.
Tags: Trump, Tariffs, Appeals Court, Supreme Court, US Economy, Trade Policy
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
Trump Reacts to Appeals Court Ruling on Tariffs
All Tariffs Remain in Effect
Former President Donald Trump responded strongly to the recent appeals court ruling, asserting that all tariffs remain in effect. He called the court "highly partisan" and expressed confidence that the Supreme Court will rule in his favor.
Warning of Economic Consequences
Trump warned that if tariffs were ever removed, it would be a "total disaster" for the country. He stressed that lifting tariffs would make the U.S. financially weak and emphasized the need to maintain economic strength.
Trade Policy and Protectionism
He declared that the United States will no longer tolerate trade deficits, unfair tariffs, or barriers imposed by other countries. Trump claimed that if the court's decision were allowed to stand, it would "literally destroy the United States of America."
Supporting American Workers and Companies
Trump reminded the public that tariffs are the best tool to help American workers and support companies producing "Made in America" products. He also criticized past politicians for allowing tariffs to be used against the U.S. for many years, emphasizing the need for strong trade policies moving forward.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
