A U.S. federal court on Wednesday
blocked Trump’s “Liberation Day” tariffs from
going into effect.
The United States Court of International Trade is a U.S. federal court that adjudicates civil actions arising out of U.S. customs and international trade.
ruled that Trump overstepped his
authority by imposing across-the-board taxes on imports from
nations that sell more to the United States than they buyruled unanimously
Note, Trump can appeal this ruling.
Info via Reuters.
Will this stop Trump? He has openly defied courts on other issues.
This article was written by Eamonn Sheridan at www.forexlive.com.