A U.S. court has issued a significant ruling against President Donald Trump's trade tariffs, finding he overstepped his authority. While some tariffs on steel and aluminum remain, the court struck down broader levies, including a 10% tariff across most nations and high tariffs on Canadian and Mexican goods. This landmark decision posits that the Constitution grants Congress exclusive trade regulation authority and critiques Trump's invocation of emergency powers. The White House has pledged to appeal, indicating a protracted legal battle ahead over Trump's trade policies.
The court said the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries, stating that Trump's actions overstepped his authority.
Scott Lincicome described the ruling as 'by far the biggest decision in ages,' emphasizing its significant historical impact on presidential trade policy.
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