Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

Most of President Donald Trump’s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review.

The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emergency law to issue the tariffs. But the appellate judges sent the case back to the lower court to determine if it applied to everyone affected by tariffs or just the parties involved in the case.

Friday’s 7-4 decision by the Federal Circuit could extend the suspense over whether Trump’s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.

“ALL TARIFFS ARE STILL IN EFFECT!” Trump said in a post on Truth Social shortly after the decision was issued.

For instant reaction and analysis, Bloomberg Balance of Power cohost Joe Mathieu speaks with Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis, both Bloomberg politics contributors.

See omnystudio.com/listener for privacy information.

Episoder(1598)

Trump Unveils 25% Auto Tariff; White House Tries to Contain Signal Text Backlash

Trump Unveils 25% Auto Tariff; White House Tries to Contain Signal Text Backlash

On today's podcast: 1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and floated further duties on the EU and Canada, expanding a trade war and triggering thre...

27 Mar 202517min

Trump May Implement Copper Tariffs Soon; Wall Street Bonuses Soar On today's podcast:

Trump May Implement Copper Tariffs Soon; Wall Street Bonuses Soar On today's podcast:

On today's podcast: 1) US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter. Copper traded i...

26 Mar 202516min

White House Text Breach Fallout, New Tariffs Teased On today's podcast:

White House Text Breach Fallout, New Tariffs Teased On today's podcast:

On today's podcast: 1) The Atlantic’s top editor said he was added to a text group in which top US officials discussed detailed plans to bomb Houthi targets in Yemen with other top US officials, an e...

25 Mar 202516min

Introducing 'Bloomberg Daybreak: US Edition'

Introducing 'Bloomberg Daybreak: US Edition'

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.See omnystudio.com/listener for privacy information.

24 Mar 20251min

Targeted Trump Tariffs; US Discussions on Ukraine-Russia

Targeted Trump Tariffs; US Discussions on Ukraine-Russia

On today's podcast: 1) Markets get a lift on word President Trump's tariffs will be more targeted. President Trump is preparing to announce "reciprocal tariffs" on April 2, targeting countries that ha...

24 Mar 202516min

Daybreak Weekend: CPI Preview, Reeves Statement, BYD Earnings

Daybreak Weekend: CPI Preview, Reeves Statement, BYD Earnings

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S CPI and PCE data, along with a look at the impact of t...

21 Mar 202538min

Heathrow Airport Shuttered; Musk and China War Plans

Heathrow Airport Shuttered; Musk and China War Plans

1) London's Heathrow airport will be closed all day Friday due to a major power outage caused by a nearby fire at an electrical substation. The airport advises passengers not to travel to the airport,...

21 Mar 202516min

Powell Sees Tariff Impact as Transitory, Trump Says Fed Should Cut Rates On today's podcast:

Powell Sees Tariff Impact as Transitory, Trump Says Fed Should Cut Rates On today's podcast:

On today's podcast: 1) Federal Reserve Chair Jerome Powell downplayed growth concerns and the impact of President Donald Trump's trade war on inflation, calling the inflationary effect of tariffs "tra...

20 Mar 202516min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
utbytte
pengesnakk
livet-pa-veien-med-jan-erik-larssen
rss-sunn-okonomi
tid-er-penger-en-podcast-med-peter-warren
morgenkaffen-med-finansavisen
lederpodden
okonomiamatorene
finansredaksjonen
rss-markedspuls-2
stormkast-med-valebrokk-stordalen
rss-andelige-tanker-med-camillo
rss-finanslunsj