US Court Strikes Down Trump's Global Tariffs: Major Precedent Set

A US court has suspended global tariffs imposed by former President Donald Trump, ruling that he exceeded his authority. The decision, handed down by the US Court of International Trade in New York, invalidates tariffs on several countries, including Mexico, Canada, and China. The court's opinion stated that the tariffs violated the International Emergency Economic Powers Act. "The tariffs were imposed without proper legal backing," said a legal expert. The ruling marks a significant precedent in trade policy. While Trump had also announced special tariffs on sectors like the automotive industry, the court's decision does not clarify whether these will also be affected. This decision follows reciprocal tariffs imposed by Trump on April 2nd, during the so-called 'Liberation Day.' The court emphasized that sanctions are only permissible under extraordinary circumstances, which were not met in this case. The decision has major implications for international trade relations and could influence future trade policies.