Latest Update: Appeals Court Rejects Trump’s Tariff Authority — Next Stop, the Supreme Court
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A federal appeals court has ruled 7–4 that former President Trump lacked legal authority to impose most of his sweeping global tariffs via the International Emergency Economic Powers Act (IEEPA).(The Washington Post)
- The court has delayed enforcement of its decision until October 14, allowing the tariffs to remain in place while awaiting appeal.(Financial Times)
- This decision upholds previous rulings by the Court of International Trade, which had already found these tariffs exceeded executive powers.(Wikipedia)
- On the legal horizon: The Justice Department plans to appeal to the Supreme Court, with the case—centered on executive authority over trade—likely heading for a high-stakes constitutional showdown.(The Washington Post, AP News, The Guardian, SCOTUSblog, Thomson Reuters)
Why This Matters for Business & Trade
- Executive power checked: This ruling could significantly curb future presidents from imposing sweeping trade measures without explicit congressional approval.
- Uncertainty for companies: Businesses may hold out on decisions impacted by tariffs—pricing, sourcing, contracts—until the Supreme Court rules.
- Economic ripple effects: If these tariffs are eventually overturned, expect ripple effects through global trade, import costs, and market dynamics.
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