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Tag: executive authority limits
Federal Court Blocks Trump’s Sweeping Tariffs, Prompting Market Rally and Legal Debate
Federal Court Blocks Trump's Sweeping Tariffs: On May 28, 2025, the U.S. Court of International Trade issued a landmark ruling in V.O.S. Selections, Inc. v. United States, striking down the "Liberation Day" tariffs imposed by former President Donald Trump under the International Emergency Economic Powers Act (IEEPA). The court found that the tariffs exceeded the authority granted by IEEPA, leading to a significant shift in U.S. trade policy and a notable reaction in global markets.