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 ...
Congress specifically delegated to the president the power. And it is far, far more constitutional than the powers unelected bureaucrats took for themselves to set policies and create laws without congressional approval!
So, the WSJ can stuff it.
LOL! Who really cares what some crapola “international” court rules? Mainly, courts such as these are make-work for essentially worthless lawyers.
The Constitution give Congress, not the president, the power to impose taxes.
lol. The ink wasn’t even dry on his celebratory report when the appeals court squashed it
While it’s true that Congress has taxation powers, many such powers have been formally delegated to the executive.
President Trump’s EOs have complied with the letter of the law, and are legally valid. If Congress were to step up and handle the situation, people may be most inclined to give a damn.
The Wall Street Urinal mouths its standard garbage BS...
The Globalist Journal gives their opinion.
Lol WSJ Lol
What’s your point?
Hold on wall street. Congress will be passing a law next week to disallow injunctions against a sitting president. If they want an in junction with, it will have to come from SCOTUS.
The unspoken truth behind legal barricades thrown up to stop
Trump’s actions is that they are an admission by the deepest
of Deep States that nothing is allowed to be changed. We are
hurtling off a financial and societal cliff at warp speed and
the Courts are saying, “That’s the way it is and that’s the way
it will always be,” regardless of the damage to our Nation.
You posted a stayed decision, after posting this same crud yesterday?
You don’t understand the law.
This a classic case of judicial activism by the court.
The globalist and Wall Street pigs couldn't give a hoot about anything but make more money.
Part of their alliance actually wants to destroy our system, but they don't mind getting richer at the same time.
WSJ has no problem losing all those well paying jobs to other tariff practicing countries. Stopped reading the WSJ an awhile back because they are full of it. I can do my own financial analyses without them.
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