Summary
A U.S. appeals court ruled that former President Donald Trump's broad tariff policy was mostly illegal. However, the tariffs will continue until October 14 as the decision may be appealed to the Supreme Court. The court said Trump's use of emergency powers to impose these tariffs overstepped his authority.
Key Facts
- A U.S. appeals court declared Trump's broad tariff policy illegal.
- The court upheld a previous decision that Trump exceeded his authority by imposing universal tariffs.
- Trump claimed a "national emergency" justified the tariffs, using a law called the International Emergency Economic Powers Act (IEEPA).
- The court ruled that the IEEPA does not grant the president the power to impose tariffs or taxes.
- Trump planned to use the tariffs to negotiate better trade deals with other countries.
- The appeals court ruling allows the tariffs to stay in place until October 14.
- Trump is expected to challenge the ruling in the Supreme Court.
- According to U.S. law, Congress, not the president, is given the authority to issue taxes and tariffs.
