Washington, Aug 30
In a setback to U.S. President Donald Trump, a federal appeals court struck down most of the administration’s global reciprocal tariffs. In its ruling, the court ruled that President Trump did not have the “power to impose tariffs.” Hours after the ruling President Trump stated that he would approach the Supreme Court on the ruling.
“The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax,” it said.
The ruling stopped short of implementing the order until October 14 to provide time to the administration to seek legal recourse in the Supreme Court.