A federal court struck down President Trump’s reciprocal tariffs in a ruling out Wednesday.
A three-judge panel on the Court of International Trade said President exceeded “any authority granted” by the International Emergency Economic Powers Act.
A three-judge panel at the Court of International Trade ruled that the International Emergency Economic Powers Act, a 1977 law that Trump invoked to justify the tariffs, does not actually give the president the power to unilaterally implement the sweeping duties.