Thursday, May 29, 2025

Trump Tariffs Halted

A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump's signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the economy slumping. The ruling from a three-judge panel at the New York-based U.S. Court of International Trade came after several lawsuits arguing Trump's "Liberation Day" tariffs exceeded his authority and left the country's trade policy dependent on his whims.

Comments

This discussion has moved.

#1 | Posted by retort at 2025-05-29 08:23 AM

Drudge Retort Headlines

Hakeem Jeffries Holds the Floor (72 comments)

Trump Bill Piles On Trillions in New Debt (56 comments)

Cutting USAID Will Cost 14 Million Lives Thru 2030, study says (46 comments)

Analysis Shows Trump's Tariffs Would Cost US Employers $82.3 Billion (26 comments)

Musk Says He Is So Sorry for His Horrible Behavior (23 comments)

US Dollar Is on Track for Its Worst Year in Modern History (17 comments)

WSJ Drags Trump for Begging Putin for a Truce (16 comments)

Trump and Putin Speak on Ukraine, Iran (12 comments)

I'm a Republican and I Think the One Big Beautiful Bill is a Betrayal (10 comments)

DOJ Opens Door to Stripping Citizenship over Politics (10 comments)