{"id":320,"date":"2025-05-29T14:04:54","date_gmt":"2025-05-29T14:04:54","guid":{"rendered":"https:\/\/existing-provider.com\/?p=320"},"modified":"2025-05-30T10:28:41","modified_gmt":"2025-05-30T10:28:41","slug":"what-happens-to-trumps-tariffs-now-that-a-court-has-knocked-them-down","status":"publish","type":"post","link":"https:\/\/existing-provider.com\/index.php\/2025\/05\/29\/what-happens-to-trumps-tariffs-now-that-a-court-has-knocked-them-down\/","title":{"rendered":"What happens to Trump\u2019s tariffs now that a court has knocked them down?"},"content":{"rendered":"

By PAUL WISEMAN and LINDSAY WHITEHURST, Associated Press<\/strong><\/p>\n

WASHINGTON (AP) \u2014 President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.<\/p>\n

Now a federal court has thrown a roadblock in his path.<\/p>\n

A three-judge panel of the U.S. Court of International Trade\u00a0ruled Wednesday that Trump overstepped<\/a>\u00a0his authority when he invoked the\u00a01977 International Emergency Economic Powers Act<\/a>\u00a0to declare a national emergency and plaster taxes \u2013 tariffs \u2013 on imports from almost every country in the world.<\/p>\n

The ruling was a big setback for Trump, whose\u00a0erratic trade policies<\/a>\u00a0have rocked financial markets,\u00a0paralyzed businesses with uncertainty<\/a>\u00a0and raised fears of higher prices and\u00a0slower economic growth<\/a>.<\/p>\n

But Trump\u2019s trade wars are far from over. The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.<\/p>\n

The administration also has other ways to pursue the president’s goal of using tariffs to lure factories back to America, raise money for the U.S. Treasury and pressure other countries into bending to his will.<\/p>\n

Financial markets<\/a>, which would welcome an end to Trump\u2019s tariffs, had a muted response to the news Thursday; stocks rose modestly.<\/p>\n

\u201cInvestors are not getting too carried away, presumably in the expectation that the White House will find a workaround that allows them to continue to pursue their trade agenda,\u2019\u2019 said Matthew Ryan, head of market strategy at the financial services firm Ebury.<\/p>\n

Trump\u2019s IEEPA tariffs are being challenged in at least seven lawsuits. In the ruling Wednesday, the trade court combined two of the cases \u2014 one brought by five small businesses and another by 12 U.S. states.<\/p>\n

The U.S. Court of International Trade has jurisdiction over civil cases involving trade. The legal challenge to Trump’s tariff sis widely expected to end up at the U.S. Supreme Court.<\/p>\n

Which tariffs did the court block?<\/h4>\n

The court\u2019s decision blocks the tariffs Trump slapped last month on\u00a0almost all U.S. trading partners<\/a>\u00a0and levies he imposed before that on\u00a0China, Mexico and Canada<\/a>.<\/p>\n

Trump on April 2 \u2014\u00a0Liberation Day, he called it<\/a>\u00a0\u2014 imposed so-called reciprocal tariffs of up to 50% on countries with which the United States runs a trade deficit and 10% baseline tariffs on almost everybody else. He later\u00a0suspended the reciprocal tariffs<\/a> for 90 days to give countries time to negotiate trade agreements with the United States \u2014 and reduce their barriers to American exports. But he kept the baseline tariffs in place.<\/p>\n