Trump’s Tariffs Ruled Illegal — Here’s What Could Happen Now - video Dailymotion

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00:00Trump's tariffs ruled illegal. Here's what could happen now.

00:05A federal appeals court has struck down most of President Donald Trump's tariffs,

00:10ruling they are unlawful and invalid.

00:13The 7-4 ruling found that Trump had overstepped his congressional powers by imposing sweeping tariffs.

00:20Trump's tariff agenda was a defining feature of his presidency.

00:24He argued tariffs would fix trade deficits and revive U.S. manufacturing.

00:31On April 2nd, Trump declared Liberation Day, announcing his aggressive tariff regime,

00:36which sparked retaliatory measures from trading partners.

00:40The ruling centers on the International Emergency Economic Powers Act,

00:45which Trump invoked to justify his tariffs.

00:48The court ruled this stretches beyond IEEPA's limits,

00:53stating tariffs are a core congressional power.

00:57The ruling targeted reciprocal tariffs and trafficking tariffs aimed at China, Canada, and Mexico.

01:04However, tariffs justified under other laws remain unaffected.

01:09The ruling doesn't take effect until mid-October,

01:12allowing Trump's team to appeal to the Supreme Court.

01:14The administration has a backup plan using Section 338 of the 1930 Smoot-Hawley Tariff Act.

01:23Trump dismissed the ruling as partisan.

01:26On Truth Social, he declared,

01:29all tariffs are still in effect and promised a rapid appeal.

01:34Economically, tariffs have already impacted businesses and consumers.

01:38The Peterson Institute estimated Trump's previous tariffs cost households over $500 annually.

01:46Trade uncertainty has strained international relationships,

01:50with global partners waiting to see if the tariffs will survive Supreme Court scrutiny.