zeit
US Tariffs: A Ruling That Takes Away Trump's Basis for Many Tariffs
With his aggressive tariff policy, the US President wanted to reform global trade. A court now blocks two major packages. We explain the consequences of the ruling.
2025-05-30 10:30:09
USA
Economy
Politics
Trump's Tariffs: Legal Battles and Economic Implications
The imposition of tariffs by former President Donald Trump has been a contentious issue, marked by a series of legal challenges and economic debates. Recently, a federal appeals court temporarily reinstated many of these tariffs, which had been blocked by a lower court for overstepping presidential authority. This move allows Trump to maintain these tariffs, primarily used as leverage in trade negotiations, for the time being.
The legal back-and-forth is expected to reach the Supreme Court, highlighting the judiciary's role as a check on executive actions. Critics argue that these tariffs have disrupted global trade and harmed the U.S. economy. Trump, however, defends them as essential tools for negotiating better trade deals.
The tariffs have sparked international reactions, with countries like China welcoming court decisions against them. Domestically, there is concern over the economic uncertainty they cause, affecting financial markets and investor sentiment. As the legal process continues, the future of these tariffs remains uncertain, potentially impacting global trade dynamics and economic stability.
Related news on that topic:
The press radar on this topic:
The Street
China supports court ruling on Trump 'Liberation Day' tariffs
A US trade court blocked President Donald Trump's tariffs citing overstepping of presidential authority. China welcomed the ruling and called on the US to remove tariffs, which they claim harmed global trade and US consumers. The ruling led to calm in crypto markets, with Bitcoin and Ethereum experiencing minimal fluctuations. Analysts, including Willy Woo, are interpreting the stability as a sign of Bitcoin's growing status as a global macro asset.
EL PAÍS
Trump says repealing tariffs would 'destroy presidential power'
President Trump reacts to the International Trade Court's annulment of his tariffs on China, Mexico and Canada; his team is preparing a Plan B to impose new tariffs through another legal avenue if necessary. The Court of Appeal has suspended the enforcement of the ruling while it examines the case, and Trump hopes the Supreme Court will overturn the decision.
zeit
US Trade Policy: Legal Back and Forth in US Trade Policy
In a legal dispute over US trade policy, there have been contradictory court rulings. Initially, a federal court in New York blocked the import tariffs imposed by the Trump administration, as they violated the constitution. However, the government appealed and prevailed - an appeals court in Washington decided that the tariffs may continue to apply for the time being. The situation thus remains inconsistent and legally controversial.
Welcome!
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand