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Yahoo
17 minutes ago
- Business
- Yahoo
Federal court blocks Trump's tariffs. Here's what to know
WASHINGTON (AP) — A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world. A three-judge panel of the U.S. Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and justify the sweeping tariffs. The tariffs overturned decades of U.S. trade policy, disrupted global commerce, rattled financial markets and raised the risk of higher prices and recession in the United States and around the world. The U.S. Court of International Trade has jurisdiction over civil cases involving trade. Its decisions can be appealed to the U.S. Court of Appeals for the Federal Circuit in Washington and ultimately to the Supreme Court, where the legal challenges to Trump' tariffs are widely expected to end up. Which tariffs did the court block? The court's decision blocks the tariffs Trump slapped last month on almost all U.S. trading partners and levies he imposed before that on China, Mexico and Canada. On April 2, Trump imposed so-called reciprocal tariffs of up to 50% on countries with which the United States runs a trade deficit and 10% baseline tariffs on almost everybody else. He later suspended the reciprocal tariffs for 90 days to give countries time to agree to reduce barriers to U.S. exports. But he kept the baseline tariffs in place. Claiming extraordinary power to act without congressional approval, he justified the taxes under IEEPA by declaring the United States' longstanding trade deficits 'a national emergency.' In February, he'd invoked the law to impose tariffs on Canada, Mexico and China, saying that the illegal flow of immigrants and drugs across the U.S. border amounted to a national emergency and that the three countries needed to do more to stop it. The U.S. Constitution gives Congress the power to set taxes, including tariffs. But lawmakers have gradually let presidents assume more power over tariffs — and Trump has made the most of it. The tariffs are being challenged in at least seven lawsuits. In the ruling Wednesday, the trade court combined two of the cases — one brought by five small businesses and another by 12 U.S. states. The ruling does leave in place other Trump tariffs, including those on foreign steel, aluminum and autos. But those levies were invoked under a different law that required a Commerce Department investigation and could not be imposed at the president's own discretion. Why did the court rule against the president? The administration had argued that courts had approved then-President Richard Nixon's emergency use of tariffs in a 1971 economic and financial crisis that arose when the United States suddenly devalued the dollar by ending a policy that linked the U.S. currency to the price of gold. The Nixon administration successfully cited its authority under the 1917 Trading With Enemy Act, which preceded and supplied some of the legal language later used in IEPPA. The court disagreed, deciding that Trump's sweeping tariffs exceeded his authority to regulate imports under IEEPA. It also said the tariffs did nothing to deal with problems they were supposed to address. In their case, the states noted that America's trade deficits hardly amount of a sudden emergency. The United States has racked them up for 49 straight years in good times and bad. So where does this leave Trump's trade agenda? Wendy Cutler, a former U.S. trade official who is now vice president at the Asia Society Policy Institute, says the court's decision "throws the president's trade policy into turmoil.' 'Partners negotiating hard during the 90-day day tariff pause period may be tempted to hold off making further concessions to the U.S. until there is more legal clarity," she said. Likewise, companies will have to reassess the way they run their supply chains, perhaps speeding up shipments to the United States to offset the risk that the tariffs will be reinstated on appeal. The trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and only for 150 days with countries with which the United States runs big trade deficits. For now, the trade court's ruling 'destroys the Trump administration's rationale for using federal emergency powers to impose tariffs, which oversteps congressional authority and contravenes any notion of due process,' said Eswar Prasad, professor of trade policy at Cornell University. "The ruling makes it clear that the broad tariffs imposed unilaterally by Trump represent an overreach of executive power.'' _____ AP Writer Lindsay Whitehurst contributed to this story. Paul Wiseman, The Associated Press Sign in to access your portfolio
Fox Sports
17 minutes ago
- Sport
- Fox Sports
Cameron delivers another solid outing as Royals top Reds, 3-2, salvaging final game of series
Associated Press KANSAS CITY, Mo. (AP) — Noah Cameron pitched into the seventh, scattering six singles as the Kansas City Royals beat the Cincinnati Reds 3-2 to salvage the final game of the series on Wednesday night. Cameron (2-1) allowed a run on six hits and two walks with two strikeouts in 6 1/3 innings. Maikel Garcia singled with one out in the fourth, extending his hitting streak to 13 games, then scored from first on Drew Waters' deflected single. In the fifth, John Rave doubled to right, collecting his first major league hit, and scored when Bobby Witt Jr. bounced a two-out double inside the first base bag for a 2-0 lead. Witt added an insurance run with a seventh-inning sacrifice fly. Carlos Estevez struck out two for a four-out save, his 15th. Among his three singles, Spencer Steer delivered two-out RBI hits in the sixth and eighth. Tyler Stephenson hit three singles while TJ Friedl hit two singles and has multiple hits in six straight games. Hunter Greene (4-3) allowed two runs on seven hits and a walk with three strikeouts in five innings. Austin Hays exited the game in the eighth with a left foot contusion. He was hobbled after fouling a pitch off his foot in a sixth-inning at-bat. Key moment Running on a 2-2 pitch, Garcia scored from first when second baseman Matt McLain deflected Waters' hit into shallow right field, snapping a scoreless tie. Key stat Stephenson was 7 for 12 in the three-game series, including his first two three-hit games of the season. Up next Cincinnati LHP Andrew Abbott (4-0, 1.77 ERA) opens a weekend series at Wrigley Field. The Cubs are undecided on a starting pitcher. RHP Seth Lugo (3-4, 3.02) returns from the injured list (third finger sprain) as the Royals begin a weekend series on Friday hosting the Tigers and RHP Casey Mize (6-1, 2.45). ___ AP MLB: recommended
Yahoo
18 minutes ago
- General
- Yahoo
Crow-Armstrong homers and Boyd pitches Cubs to 2-1 win over Rockies
Colorado Rockies designated hitter Orlando Arcia (8) runs the bases after hitting a single during the third inning of a baseball game against the Chicago Cubs, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs pitcher Daniel Palencia (48) celebrates after striking out Colorado Rockies' Hunter Goodman (15) to win a baseball game Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs starting pitcher Matthew Boyd (16) throws against the Colorado Rockies during the first inning of a baseball game Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs' Pete Crow-Armstrong (4) runs the bases after hitting a solo home run during the fourth inning of a baseball game against the Colorado Rockies, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs' Pete Crow-Armstrong (4) runs the bases after hitting a solo home run during the fourth inning of a baseball game against the Colorado Rockies, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs' Pete Crow-Armstrong (4) runs the bases after hitting a solo home run during the fourth inning of a baseball game against the Colorado Rockies, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Colorado Rockies designated hitter Orlando Arcia (8) runs the bases after hitting a single during the third inning of a baseball game against the Chicago Cubs, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs pitcher Daniel Palencia (48) celebrates after striking out Colorado Rockies' Hunter Goodman (15) to win a baseball game Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs starting pitcher Matthew Boyd (16) throws against the Colorado Rockies during the first inning of a baseball game Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs' Pete Crow-Armstrong (4) runs the bases after hitting a solo home run during the fourth inning of a baseball game against the Colorado Rockies, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) Chicago Cubs' Pete Crow-Armstrong (4) runs the bases after hitting a solo home run during the fourth inning of a baseball game against the Colorado Rockies, Wednesday, May 28, 2025, in Chicago. (AP Photo/Erin Hooley) CHICAGO (AP) — Pete Crow-Armstrong hit his 15th home run, Matthew Boyd tossed six innings of four-hit ball and the Chicago Cubs edged the Colorado Rockies 2-1 on Wednesday night for their fourth straight win. Seiya Suzuki doubled in a run and rookie Matt Shaw had two hits for the NL Central leaders, who have won 10 of 12. Advertisement Boyd (5-2) allowed just an unearned run while striking out eight and walking none. Three relievers followed, with Daniel Palencia pitching a perfect ninth for his fourth save. Tyler Freeman had a sacrifice fly for the Rockies, who lost their fifth straight and fell to 9-47 — the worst record in the majors. Orlando Arcia, who signed with Colorado earlier in the day, singled in his first two at-bats with his new team. Arcia was released by Atlanta on Sunday after batting .194 in 14 games with the Braves. Tanner Gordon (1-2) permitted two runs and six hits in 4 2/3 innings for the Rockies. Boyd retired 13 of his first 14 batters. Arcia singled leading off the third. Advertisement Chicago jumped ahead 1-0 in the first on Suzuki's double to the left-center wall. Crow-Armstrong made it 2-0 in the fourth when he golfed a low curveball down the right-field line. Key moment Boyd got through a shaky sixth and exited ahead 2-1. Chicago led 2-0 when Mickey Moniak led off with a single. Jordan Beck followed with a drive to left that Ian Happ caught at the wall. Moniak advanced to third on Boyd's wild pickoff attempt and scored on Freeman's sac fly, caught by Crow-Armstrong against the center-field wall. Key stat Shaw is 13 for 34 (.382) since being recalled from Triple-A Iowa on May 20. Advertisement Up next Rockies LHP Kyle Freeland (0-7, 5.86 ERA) faces Mets LHP David Peterson (3-2, 2.79) on Friday in New York. The Cubs host Cincinnati on Friday. Neither team had announced a scheduled starter. ___ AP MLB:
Winnipeg Free Press
18 minutes ago
- Business
- Winnipeg Free Press
Federal court blocks Trump's tariffs. Here's what to know
WASHINGTON (AP) — A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world. A three-judge panel of the U.S. Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and justify the sweeping tariffs. The tariffs overturned decades of U.S. trade policy, disrupted global commerce, rattled financial markets and raised the risk of higher prices and recession in the United States and around the world. The U.S. Court of International Trade has jurisdiction over civil cases involving trade. Its decisions can be appealed to the U.S. Court of Appeals for the Federal Circuit in Washington and ultimately to the Supreme Court, where the legal challenges to Trump' tariffs are widely expected to end up. Which tariffs did the court block? The court's decision blocks the tariffs Trump slapped last month on almost all U.S. trading partners and levies he imposed before that on China, Mexico and Canada. On April 2, Trump imposed so-called reciprocal tariffs of up to 50% on countries with which the United States runs a trade deficit and 10% baseline tariffs on almost everybody else. He later suspended the reciprocal tariffs for 90 days to give countries time to agree to reduce barriers to U.S. exports. But he kept the baseline tariffs in place. Claiming extraordinary power to act without congressional approval, he justified the taxes under IEEPA by declaring the United States' longstanding trade deficits 'a national emergency.' In February, he'd invoked the law to impose tariffs on Canada, Mexico and China, saying that the illegal flow of immigrants and drugs across the U.S. border amounted to a national emergency and that the three countries needed to do more to stop it. The U.S. Constitution gives Congress the power to set taxes, including tariffs. But lawmakers have gradually let presidents assume more power over tariffs — and Trump has made the most of it. The tariffs are being challenged in at least seven lawsuits. In the ruling Wednesday, the trade court combined two of the cases — one brought by five small businesses and another by 12 U.S. states. The ruling does leave in place other Trump tariffs, including those on foreign steel, aluminum and autos. But those levies were invoked under a different law that required a Commerce Department investigation and could not be imposed at the president's own discretion. Why did the court rule against the president? The administration had argued that courts had approved then-President Richard Nixon's emergency use of tariffs in a 1971 economic and financial crisis that arose when the United States suddenly devalued the dollar by ending a policy that linked the U.S. currency to the price of gold. The Nixon administration successfully cited its authority under the 1917 Trading With Enemy Act, which preceded and supplied some of the legal language later used in IEPPA. The court disagreed, deciding that Trump's sweeping tariffs exceeded his authority to regulate imports under IEEPA. It also said the tariffs did nothing to deal with problems they were supposed to address. In their case, the states noted that America's trade deficits hardly amount of a sudden emergency. The United States has racked them up for 49 straight years in good times and bad. So where does this leave Trump's trade agenda? Wendy Cutler, a former U.S. trade official who is now vice president at the Asia Society Policy Institute, says the court's decision 'throws the president's trade policy into turmoil.' 'Partners negotiating hard during the 90-day day tariff pause period may be tempted to hold off making further concessions to the U.S. until there is more legal clarity,' she said. Monday Mornings The latest local business news and a lookahead to the coming week. Likewise, companies will have to reassess the way they run their supply chains, perhaps speeding up shipments to the United States to offset the risk that the tariffs will be reinstated on appeal. The trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and only for 150 days with countries with which the United States runs big trade deficits. For now, the trade court's ruling 'destroys the Trump administration's rationale for using federal emergency powers to impose tariffs, which oversteps congressional authority and contravenes any notion of due process,' said Eswar Prasad, professor of trade policy at Cornell University. 'The ruling makes it clear that the broad tariffs imposed unilaterally by Trump represent an overreach of executive power.' _____ AP Writer Lindsay Whitehurst contributed to this story.
Winnipeg Free Press
19 minutes ago
- Sport
- Winnipeg Free Press
Cameron delivers another solid outing as Royals top Reds, 3-2, salvaging final game of series
KANSAS CITY, Mo. (AP) — Noah Cameron pitched into the seventh, scattering six singles as the Kansas City Royals beat the Cincinnati Reds 3-2 to salvage the final game of the series on Wednesday night. Cameron (2-1) allowed a run on six hits and two walks with two strikeouts in 6 1/3 innings. Maikel Garcia singled with one out in the fourth, extending his hitting streak to 13 games, then scored from first on Drew Waters' deflected single. In the fifth, John Rave doubled to right, collecting his first major league hit, and scored when Bobby Witt Jr. bounced a two-out double inside the first base bag for a 2-0 lead. Witt added an insurance run with a seventh-inning sacrifice fly. Carlos Estévez struck out two for a four-out save, his 15th. Among his three singles, Spencer Steer delivered two-out RBI hits in the sixth and eighth. Tyler Stephenson hit three singles while TJ Friedl hit two singles and has multiple hits in six straight games. Hunter Greene (4-3) allowed two runs on seven hits and a walk with three strikeouts in five innings. Austin Hays exited the game in the eighth with a left foot contusion. He was hobbled after fouling a pitch off his foot in a sixth-inning at-bat. Key moment Running on a 2-2 pitch, Garcia scored from first when second baseman Matt McLain deflected Waters' hit into shallow right field, snapping a scoreless tie. Key stat Stephenson was 7 for 12 in the three-game series, including his first two three-hit games of the season. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Up next Cincinnati LHP Andrew Abbott (4-0, 1.77 ERA) opens a weekend series at Wrigley Field. The Cubs are undecided on a starting pitcher. RHP Seth Lugo (3-4, 3.02) returns from the injured list (third finger sprain) as the Royals begin a weekend series on Friday hosting the Tigers and RHP Casey Mize (6-1, 2.45). ___ AP MLB:
