Brief by Shorts91 NewsDesk / 08:07am on 29 May 2025,Thursday International
On May 28, 2025, the U.S. Court of International Trade ruled that former President Donald Trump exceeded his authority by imposing broad tariffs under the International Emergency Economic Powers Act (IEEPA). The court found that the IEEPA does not grant the president unlimited power to regulate imports via tariffs, stating that such actions require clear congressional authorization. This decision blocks the enforcement of the "Liberation Day" tariffs, which included a 10% levy on all imports and higher tariffs on goods from several nations. The court's ruling emphasizes the constitutional role of Congress in regulating trade and sets a precedent limiting presidential power in trade policy. The Trump administration has filed an appeal, potentially bringing the case before the Supreme Court. (PC: CNBC & Financial Times)
