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Court strikes down most of Trump's tariffs, ruling them illegal
A federal court on Wednesday blocked most of the sweeping tariffs imposed by President Trump.

A federal court on Wednesday froze most of the sweeping tariffs imposed by President Trump on virtually every foreign nation, ruling the levies exceed the president's legal authority.
The ruling — issued by a panel of judges on the U.S. Court of International Trade — halted the sweeping 10% tariffs Mr. Trump assessed on virtually every U.S. trading partner on "Liberation Day" last month, with higher tariffs threatened for dozens of countries. The court also blocked a separate set of tariffs imposed on China, Mexico and Canada by the Trump administration, which has cited drug trafficking and illegal immigration as its reasoning for the hikes.
Global markets rallied on the news.
The Trump administration has justified the tariffs by citing the International Emergency Economic Powers Act of 1977, or IEEPA, which gives the president the power to regulate imports during certain emergency situations. But the court on Wednesday rejected the government's interpretation of the law, and said it would be unconstitutional for any law passed by Congress to give the president blanket authority to set tariffs.
"The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder," the judges wrote Wednesday.
I feel like this was the plan all along - break stuff and cause chaos leading to financial ruin, then when that broken stuff gets fixed or the chaos mitigated by Congress\courts\or even CFIC (Convicted Felon In Chief) Trump TACOs causing a rebound, take credit for it like a savior.and MAGA laps it up.
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