Federal Appeals Court Rules 'Reciprocal Tariffs' Are Illegal

Cheddar News

A federal appeals court ruled that most of former President Donald Trump’s “reciprocal tariffs” are illegal, dealing a major blow to a key pillar of his policy.

Transcript

00:00A federal appeals court ruled that most of President Donald Trump's reciprocal tariffs

00:04are illegal, dealing a major blow to a key pillar of the president's trade policy.

00:10The court found that Trump overstepped his authority by using the 1977 International

00:14Emergency Economic Powers Act to impose broad tariffs, stating that only Congress has the

00:20constitutional power to do so.

00:22While the ruling affects tariffs on over 60 countries, it spares the president's sector-specific

00:28tariffs on steel and aluminum, which remain legally intact under separate authority.

00:33The White House has until October 14th to appeal to the Supreme Court.

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