- ANALYSIS: A U.S. court ruled that the Trump administration lacked the authority to impose sweeping global tariffs under the International Emergency Economic Powers Act, requiring the White House to begin unwinding certain tariffs within 10 days—though an appeal is underway. While this decision poses a major challenge to Trump’s trade strategy, experts expect the administration to pursue alternative legal avenues to maintain or reintroduce tariffs, potentially shifting focus to sectoral measures or other provisions under the Trade Act.
The Trump tariff saga took another turn overnight, with the U.S. Court of International Trade ruling the White House did not have the authority to impose its “Liberation Day” economic sanctions across the globe.
