Summary
A federal appellate court confirmed that President Trump's global tariffs were invalid under the International Emergency Economic Powers Act. This decision could significantly impact global trade and reduce government revenue.
Key Facts
- A federal appellate court upheld a previous decision that ruled against President Trump's tariffs.
- The Court of International Trade initially found Trump lacked authority to impose these tariffs.
- These tariffs generated about $30 billion a month for the U.S. government.
- President Trump criticized the ruling, warning of economic consequences.
- The decision may affect businesses that relied on current tariff conditions.
