00:00Why did a federal court just strike down most of Trump's tariffs, impacting billions in trade?
00:05What happens to those tariffs now? Let's break it down.
00:09On August 29, a federal appeals court ruled that former President Trump overstepped his authority
00:14by imposing broad, global tariffs. The court found he misused a 1977 emergency law,
00:20meant for true national crises, to levy new taxes on imports from countries like China,
00:25Canada and Mexico. These tariffs, some as high as 50 percent, brought in over $140 billion this year
00:33alone. Critics say this ruling checks presidential power and reasserts Congress's role over trade.
00:39Supporters of the tariffs warn it could disrupt negotiations and force the U.S. to repay
00:43billions. For now, the tariffs remain until at least October while Trump's team appeals,
00:48with a Supreme Court showdown likely. Stay tuned. This decision could reshape how presidents use
00:53emergency powers for decades to come.
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