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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 345,197 of 345,374   
   super70s to All   
   Liberation Day gets unliberated - har ha   
   28 May 25 20:19:03   
   
   XPost: alt.fan.rush-limbaugh, alt.politics.trump, alt.politics.republicans   
   XPost: alt.politics.democrats.d   
   From: super70s@super70s.invalid   
      
   US court blocks Trump from imposing the bulk of his tariffs   
   By Ramishah Maruf and David Goldman, CNN   
   6 minute read   
   Updated 8:58 PM EDT, Wed May 28, 2025   
      
   New York CNN  -- A federal court on Wednesday ruled that President   
   Donald Trump overstepped his authority to impose sweeping tariffs that   
   have raised the cost of imports for everyone from giant businesses to   
   everyday Americans.   
      
   But the administration immediately appealed the decision on Wednesday   
   night, leaving the situation uncertain for consumers and companies and   
   potentially prolonging the battle over whether Trump's import duties   
   will stand - and possibly reshape the global economy.   
      
   A three-judge panel at the US Court of International Trade, a   
   relatively low-profile court in Manhattan, stopped Trump's global   
   tariffs that he imposed citing emergency economic powers, including the   
   "Liberation Day" tariffs he announced on April 2. It also prevents   
   Trump from enforcing his tariffs placed earlier this year against   
   China, Mexico and Canada, designed to combat fentanyl coming into the   
   United States.   
      
   The court ruled in favor of a permanent injunction, potentially   
   grinding Trump's global tariffs to a halt before "deals" with most   
   other trading partners have even been reached. The court ordered a   
   window of 10 calendar days for administrative orders "to effectuate the   
   permanent injunction." That means the bulk - but not all - of Trump's   
   tariffs would be put in a standstill if the ruling holds up in appeal   
   and, potentially, with the Supreme Court.   
      
   The order halts Trump's 30% tariffs on China, his 25% tariffs on some   
   goods imported from Mexico and Canada, and the 10% universal tariffs on   
   most goods coming into the United States. It does not, however, affect   
   the 25% tariffs on autos, auto parts, steel or aluminum, which were   
   subject to Section 232 of the Trade Expansion Act - a different law   
   than the one Trump cited for his broader trade actions.   
      
   Stock futures surged on the ruling. Dow futures rose nearly 500 points,   
   or 1.1%. The broader S&P 500 futures were up 1.4%, and Nasdaq futures   
   were 1.6% higher in afterhours trading.   
      
   The lawsuit was filed by the libertarian legal advocacy group Liberty   
   Justice Center in April and represented wine-seller VOS Selections and   
   four other small businesses that claimed they had been severely harmed   
   by the tariffs. The panel came to a unanimous decision, publishing an   
   opinion on the VOS suit and also one by twelve Democratic states   
   brought against the Trump tariffs.   
      
   "We won - the state of Oregon and state plaintiffs also won," Ilya   
   Somin, a law professor at Scalia Law School, George Mason University   
   and plaintiff lawyer, said to CNN immediately after the ruling. "The   
   opinion rules that entire system of liberation day and other IEEPA   
   (International Emergency Economic Powers Act) tariffs is illegal and   
   barred by permanent injunction."   
   Declaring a national economic emergency   
      
   On April 2, Trump announced his "reciprocal" tariffs, imposing   
   significant levies on imports from some of America's closest trading   
   allies - though he soon after implemented a 90-day pause on April 9. He   
   left in place "universal" 10% tariffs on most goods coming into the   
   United States.   
      
   Trump implemented these tariffs without Congress by invoking the   
   International Emergency Economic Powers Act, which gives the president   
   the authority to act in response to unusual and extraordinary threats.   
   But the law does not include any mention of tariffs as a potential   
   action the president can take once IEEPA is invoked.   
      
   Trump also cited IEEPA in his 20% tariffs on China and 25% tariffs on   
   many goods from Mexico and Canada designed to target fentanyl   
   trafficking into the United States.   
      
   But the Trump administration has not met that criteria for an   
   emergency, the plaintiffs alleged. The lawsuit also alleges IEEPA   
   doesn't give the president the power to enact tariffs in the first   
   place, and even if it was interpreted to, it "would be an   
   unconstitutional delegation of Congress's power to impose tariffs,"   
   according to a statement.   
      
   The court concurred in its ruling that Trump lacked the authority to   
   impose those tariffs even after declaring a national emergency.   
      
   "IEEPA does not authorize any of the worldwide, retaliatory, or   
   trafficking tariff orders," the panel of judges said in their order   
   Wednesday. "The worldwide and retaliatory tariff orders exceed any   
   authority granted to the President by IEEPA to regulate importation by   
   means of tariffs. The trafficking tariffs fail because they do not deal   
   with the threats set forth in those orders."   
   'Surprising and spectacular' decision   
      
   White House spokesperson Kush Desai said in a statement that: "It is   
   not for unelected judges to decide how to properly address a national   
   emergency. President Trump pledged to put America First, and the   
   Administration is committed to using every lever of executive power to   
   address this crisis and restore American Greatness."   
      
   White House deputy chief of staff for policy Stephen Miller was   
   blunter, posting on X that "The judicial coup is out of control" in   
   response to the news.   
      
   Gary Clyde Hufbauer, a nonresident senior fellow at the Peterson   
   Institute for International Economics, called it a "surprising and   
   spectacular decision."   
      
   "The reason it's a surprise is that if you look at past cases where   
   plaintiffs have tried to challenge the presidential use of   
   extraordinary authority under various laws, the plaintiffs have always   
   lost against the government," Hufbauer said in an interview with CNN.   
      
   "All the president had to do was say, 'national security,' or 'national   
   emergency.' Those are magic words."   
      
   The decision could help small businesses across America, many of which   
   had been struggling with the jump in costs from tariffs.   
      
   "This is potentially - with that word choice underscored - a   
   significant policy pivot point should it hold up for both the economy   
   and the quiet majority inside Congress that does not support current   
   trade policy," Joe Brusuelas, RSM US chief economist, wrote in an email   
   to CNN Business. "In particular, this would provide a huge relief for   
   small and medium sized firms that neither have the margins nor the   
   financial depth to absorb the tariffs on a sustained basis."   
   Potentially headed to the Supreme Court   
      
   The Department of Justice lawyers argued that the tariffs are a   
   political question - meaning it's something that the courts can't   
   decide.   
      
   But the plaintiffs noted IEEPA makes no mention of tariffs.   
      
   "If starting the biggest trade war since the Great Depression based on   
      
   [continued in next message]   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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