US Edition
US court blocks most Trump tariffs, says president exceeded his authority
- On May 28, 2025, a federal tribunal in New York comprised of three judges halted the majority of President Trump's broad executive orders imposing tariffs.
- A federal court determined that President Trump exceeded his legal authority by declaring a national emergency under a law enacted in 1977 to justify imposing tariffs on nearly all international trading partners.
- Tariffs on steel, aluminum, automobiles, and auto parts imposed under a separate statute, the Trade Expansion Act's Section 232, remain unaffected by the injunction.
- White House officials criticized the ruling; Stephen Miller called it a “judicial coup,” while trade analyst Wendy Cutler said the decision throws presidential trade policy into turmoil.
- The ruling creates legal uncertainty, delaying trade negotiations during a 90-day tariff suspension and likely leading to further appeals, including a potential Supreme Court review.
498 Articles
498 Articles
Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs
A federal court ruling against President Donald Trump’s authority to impose sweeping tariffs might be only a temporary setback for the administration, say Goldman Sachs economists. The New York-based U.S. Court of International Trade ruled on May 28 that Trump exceeded his authority by tapping the International Emergency Economic Powers Act (IEEPA) to implement levies on other countries. The IEEPA is a federal law enacted in 1977 that permits th…
White House lawyers are working hard to save their business strategy after Wednesday’s ruling that overturned the bulk of their tariffs. On Wednesday, they asked the International Trade Tribunal to cautiously suspend the enforcement of their ruling. On Thursday, they have done the same before a Washington Federal Court of Appeals. And in their 124-page brief they anticipate that if those courts do not suspend the decision, they will come to the …
Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs - The Thinking Conservative
Federal court ruling against President Trump’s authority to impose sweeping tariffs might be temporary for the admin, say Goldman Sachs economists. The post Despite Court Ruling, Trump Has More Tariff Levers to Pull, Says Goldman Sachs appeared first on The Thinking Conservative.
Trump has other ways to impose tariffs despite US court ruling, Wall Street analysts say
President Trump has several tools at his disposal that he can use to impose tariffs despite a court ruling that ordered the reversal of his hefty “Liberation Day” taxes, according to a note by Goldman Sachs analysts on Thursday.
Two of Wall Street's major investment banks warned that the impact of a court ruling that nullifies many of President Donald Trump's tariff measures could be limited, given that the government has other ways to impose import tariffs. "The tariff levels we had yesterday will probably be the same as we will have tomorrow, because there are many different authorities that the government can resort to to to put the situation back together," said Mic…
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