Reported 1 day ago
As President Trump's trade war enters its eighth month, a federal appeals court has ruled most of his tariffs illegal, citing improper use of emergency powers under a 1977 law. This ruling creates uncertainty for importers and the economy as it may head to the Supreme Court. If upheld, it would significantly disrupt Trump's tariff strategy and negotiations, potentially refunding nearly $100 billion in collected tariffs. While the court's decision temporarily maintains emergency tariffs until October 14, Trump's reliance on tariffs may force him to adopt more complicated measures moving forward.
Source: YAHOO