The Court of International Trade in New York on Wednesday said President Trump exceeded his authority to impose tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA).
Last week US District Court Judge T. Kent Wetherell suggested President Trump had the authority to impose tariffs under IEEPA, a ruling from the 1970s, but did not issue an order.
โAccording to the judge, the International Emergency Economic Powers Act of 1977 gives Trump the authority to set tariffs for reasons other than raising revenue. Wetherell wrote that Trumpโs justification for the tariffs โ both stemming the flow of illicit drugs into the country and resolving a trade imbalance โ is sufficient to satisfy the terms set by Congress,โ ABC News reported last week.
However, rather than issuing an order, Judge Wetherell punted the case from a federal court in Southern Florida to the Court of International Trade.
The judge transferred one of the lawsuits to the federal court in New York.
On Wednesday, a three-judge panel at the US Court of International Trade ruled President Trump exceeded his authority to unilaterally impose tariffs under IEEPA.
โA three-judge panel at the US Court of International Trade, a relatively low-profile court in Manhattan, ruled Wednesday to temporarily halt Trumpโs global tariffs that he imposed citing emergency economic powers, including his โLiberation Dayโ tariffs imposed on April 2,โ CNN reported.
โThe court ruled in favor of a permanent injunction, grinding Trumpโs global tariffs to a halt before โdealsโ with most other trading partners have even been reached. That means the bulk โ but not all โ of Trumpโs tariffs are put in a standstill,โ CNN reported.
The post BREAKING: Federal Court Blocks Trump From Imposing Some Tariffs, Rules He Exceeded His Authority to Impose Tariffs Under IEEPA appeared first on The Gateway Pundit.
Source: The Gateway Pundit
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