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  • 5/29/2025
A U.S. federal court has ruled that Trump overstepped his authority by imposing global tariffs, striking down a key pillar of his economic strategy, according to the BBC. The Court of International Trade ruled that the emergency law cited by the White House does not grant the president unilateral authority to impose broad tariffs. The Manhattan-based court emphasized that only Congress has the constitutional power to regulate foreign commerce, which cannot be overridden by executive claims of economic emergency. The White House criticized the court ruling, asserting that unelected judges should not decide national emergency responses and reaffirmed Trump’s commitment to using executive power to put America First. The Trump administration filed an appeal within minutes of the court’s ruling.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. Federal Court has ruled that President Trump overstepped his authority by imposing
00:06global tariffs, striking down a key pillar of his economic strategy, according to the
00:10BBC.
00:11The Court of International Trade ruled that the emergency law cited by the White House
00:14does not grant the President unilateral authority to impose broad tariffs.
00:18The Manhattan-based court emphasized that only Congress has the constitutional power
00:22to regulate foreign counters, which cannot be overridden by executive claims of economic
00:27emergency.
00:27The White House criticized the court ruling, asserting that unelected judges should not
00:31decide national emergency responses, and reaffirmed Trump's commitment to using executive power
00:36to put America first.
00:38The Trump administration filed an appeal within minutes of the court's ruling.
00:41For all things money, visit Benzinga.com slash GSTV.

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