In a significant blow to Donald Trump’s trade policies, a U.S. Federal Circuit Court has ruled that most of his tariffs are illegal. The court found the president exceeded his authority under the International Emergency Economic Powers Act (IEEPA), stating that the power to levy tariffs is a core right of the U.S. Congress. Despite the ruling, the tariffs remain in effect to allow time for an appeal to the Supreme Court. In response, Donald Trump has stated he will fight the decision, issuing a statement that "tariff removal will destroy America." The Attorney General is set to appeal the 7-4 ruling, which opponents of the tariffs see as a major victory. The case now heads towards a potential showdown at the Supreme Court, with arguments suggesting a reversal could have a ‘catastrophic impact’ on the U.S. economy.
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