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Trump’s Tax Hikes Should Be Blocked, or We’ll All Pay

  • A federal trade court determined on Wednesday that President Trump overstepped his powers granted by the 1977 International Emergency Economic Powers Act when he implemented worldwide tariffs.
  • The tariffs stemmed from Trump’s use of IEEPA, which traditionally allows emergency actions like sanctions but does not explicitly authorize tariffs, and trade deficits cited are not recognized as emergencies.
  • The court set aside the tariffs, stating IEEPA does not grant unbounded presidential power, while a federal appeals court temporarily paused this ruling pending further litigation.
  • The nonprofit Tax Foundation estimates that the tariffs will lower market income by approximately 1.1 percent in 2026 and increase the average U.S. household’s tax liability by $1,155 in 2025.
  • The ruling places restrictions on the president’s authority to impose tariffs, while a spokesperson for the White House accused the judges of overstepping their judicial role by preventing Trump from executing what they described as a mandate from the American people.
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Threatening 31% US punitive tariffs: The Federal Council wants to counteract them with zero tariffs on cheese, coffee, and tobacco. Investments in the US and easing import bans are other options.

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  • 86% of the sources are Center
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gsmarena.com broke the news in on Saturday, May 31, 2025.
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