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U.S. trade court blocks President Trumps tariffs in surprise ruling. What happens now? (Updated)
President Trump's tariffs have sent shockwaves throughout the world economy.
In a surprising ruling on Wednesday, May 28, the U.S. Court of International Trade blocked President Donald Trump from imposing most of his tariffs, bringing yet more uncertainty to the global economic order. The court examined whether the International Emergency Economic Powers Act of 1977 (IEEPA) grants the president the "authority to impose unlimited tariffs on goods from nearly every country in the world." "President Trump pledged to put America First, and the Administration is committed to using every lever of executive power to address this crisis and restore American Greatness."
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