A federal court ruled that Donald Trump overstepped his authority when he attempted to set unilateral 10% tariffs on nearly all U.S. trading partners.
The U.S. Court of International Trade said that the president's emergency powers justification for the tariffs didn't pass muster, in a ruling issued on Wednesday. The three-judge panel objected to the Trump administration's argument that the International Emergency Economic Powers Act granted "unbounded tariff authority" to the executive branch. In their ruling, they called for a narrow reading of the act and the powers it grants.
