On October 10, 2018, a federal trade court ruled that President Trump’s tariffs, imposed under the International Emergency Economic Powers Act (IEEPA), are illegal and invalid. This ruling by the U.S. Court of International Trade issued a permanent injunction, directing Trump to revise his orders within 10 days. The decision elicited a positive response from global stock markets and was hailed as a major victory by New York Attorney General Letitia James, who emphasized the ruling upheld the law and prevented potential economic damage and job losses for American families.
The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder.
The law is clear: no president has the power to single-handedly raise taxes whenever they like. These tariffs are a massive tax hike on working families...
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