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Court blocks Trump tariffs, says he overstepped his powers

Court blocks Trump tariffs, says he overstepped his powers

A US federal trade court has stopped President Donald Trump from putting new tariffs on imported goods, saying that he went beyond the powers given to him by law, reported news agency AFP.
The case was about tariffs Trump announced on April 2. These tariffs would have added a 10% tax on most imports, with even higher taxes on goods from China and the European Union. He called this plan 'Liberation Day.' Later, he paused some of the higher tariffs while trying to make deals with other countries.
But on Wednesday, a panel of three judges at the Court of International Trade ruled that Trump didn't have the legal right to make such broad tariff changes on his own.
'An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government,' the judges wrote in their decision.

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Stock market update: Nifty Bank index falls 0.15% in a weak market

Economic Times

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  • Economic Times

Stock market update: Nifty Bank index falls 0.15% in a weak market

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The ultimate ‘Trump' card: How US President's family is getting richer faster than most Americans

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time19 minutes ago

  • Time of India

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