Posted on 05/30/2025 3:58:50 AM PDT by karpov
In a ruling heard ’round the world, the U.S. Court of International Trade on Wednesday blocked President Trump’s sweeping tariffs. This is an important moment for the rule of law as much as for the economy, proving again that America doesn’t have a king who can rule by decree.
The Trump tariffs have created enormous costs and uncertainty, but now we know they’re illegal. As the three-judge panel explains in its detailed 52-page ruling, the President exceeded his emergency powers and bypassed discrete tariff authorities delegated to him by Congress. The ruling erases his April 2 tariffs as well as those on Canada and Mexico.
Small businesses and several states (V.O.S. Selections v. U.S.) challenged Mr. Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs willy-nilly. That law gives the President broad authority in a national emergency to “deal with any unusual and extraordinary threat” including to “regulate” the “importation” of foreign property.
After declaring fentanyl an emergency, the President in February slapped tariffs on Mexico, Canada and China. Then in April he deemed the U.S. trade deficit an emergency and imposed tariffs of varying rates on the world. He later reduced those to 10% across the board for 90 days, supposedly to allow time to negotiate trade deals.
No other President has used IEEPA to impose tariffs. As the trade court explains, Richard Nixon used the law’s precursor, the Trading With the Enemy Act, in 1971 to impose 10% tariffs for a short period to address a balance of payments problem. The Justice Department said Mr. Trump’s tariffs are no different.
Not so. As the panel notes, Nixon tariffs were upheld by an appeals court because they were a “limited surcharge”
(Excerpt) Read more at wsj.com ...
Wall Street Urinal!?
NeverTrump WSJ that’s WRONG, again?
Really?
No thanks.
GM CEO Mary Barra backs Trump’s auto tariffs as a tool to help US manufacturers ‘level the playing field’
An appeals court put a stay on that ruling by the Trade Court. I guess the WSJ never reads news other than what appears in the MSM circuit.
Bkmk
These people are Americans.
who’ve quit buying their rag
*********
Well life goes on as we all journey
thru our three score and ten. Enjoy
K Street/DC and Wall Street have been selling out Main Street to China for 40+ years. Convince me otherwise.
Bunch of deep sheets.
WSJ is a giant bucket of suck.
Their “news” is every bit as marxist as the WaPo or the NYT, and their deepstate elite opinion page is not far behind.
If WSJ said the sky was blue, I’d go outside and see for myself because they lie.
FWSJ
The America Hating Trump hating us hating Murdochs own this rag.Any questions?
The Wall Street Urinal is a bigger crap rag than the Slimes and the Post together.
A ruling which was stayed by circuit court in a matter of hours.
This will be appealed and overturned…. Trumps current reprieve is just temporary and once again the media will look like buffoons and the tariffs will go on.
WSJ isn’t even good as toilet paper - it just puts more $hit on your bum...
Exactly, boy Trump sure moves fast! At times, President Trump looks likes he’s predictive rather than reactive!
WSJ never understands law, only personal insults.
I suspect a lot of that talk from companies about bringing back manufacturing to the US was just lip service. I bet a lot of it never comes off.
President Trump should exile that panel of judges from the kingdom!
Well, that didn’t age well! WSJ has gone nutzo.
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