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.

Avsnitt(1598)

Daybreak Weekend: U.S Retail, ECB Meeting, TSMC Earnings

Daybreak Weekend: U.S Retail, ECB Meeting, TSMC 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 look ahead to U.S Retail sales and earnings from Netflix. In the UK –...

11 Apr 202538min

China Slaps Further Tariffs on US; Deadly NYC Helicopter Crash

China Slaps Further Tariffs on US; Deadly NYC Helicopter Crash

On today's podcast: 1) China will raise tariffs on all US goods from 84% to 125% starting April 12 and will ignore any further US tariff increases. It comes as President Trump’s dramatic U-turn on tar...

11 Apr 202516min

President Trump's Tariff Pivot; Global Markets React

President Trump's Tariff Pivot; Global Markets React

On today's podcast: 1) President Donald Trump’s dramatic U-turn on tariff threats has isolated China as the primary target of his trade offensive, significantly narrowing Beijing’s options for immedia...

10 Apr 202524min

Trump Tariffs Take Effect; Vicious Treasury Sell-Off

Trump Tariffs Take Effect; Vicious Treasury Sell-Off

On today's podcast: 1) President Donald Trump’s so-called reciprocal tariffs are now in place, dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global...

9 Apr 202526min

Stocks Rebound as Traders Await Tariff Clarity; China Vows to Retaliate

Stocks Rebound as Traders Await Tariff Clarity; China Vows to Retaliate

On today's podcast: 1) Stocks staged a modest recovery as investors looked for dip-buying opportunities while awaiting clarity on how President Donald Trump’s trade policies will play out. 2) China pl...

8 Apr 202518min

Global Market Meltdown Deepens; Trump Retains Tariff Stance

Global Market Meltdown Deepens; Trump Retains Tariff Stance

On today's podcast: 1) The carnage in financial markets unleashed by President Donald Trump’s tariffs is continuing unabated as equities get pummeled and US stock futures show that last week’s $5 tri...

7 Apr 202526min

Daybreak Weekend: Eco Lookahead, BOE Report, Tariff Impact

Daybreak Weekend: Eco Lookahead, BOE Report, Tariff Impact

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 – an eco look ahead post Trump-tariffs, and also a discussion on how the ...

4 Apr 202539min

Trump Open to Tariff Negotiation; Investors Await Labor Data and Powell

Trump Open to Tariff Negotiation; Investors Await Labor Data and Powell

On today's podcast: 1) President Trump says he's open to tariff cuts in return for phenomenal offers. President Trump indicated that more tariffs are on the way, specifically mentioning pharmaceutical...

4 Apr 202526min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
rss-jossan-nina
uppgang-och-fall
rss-inga-dumma-fragor-om-pengar
rss-borsens-finest
avanzapodden
svd-tech-brief
rss-kort-lang-analyspodden-fran-di
bathina-en-podcast
fill-or-kill
montrosepodden
24fragor
borsmorgon
dynastin
rss-dagen-med-di
market-makers
tabberaset
kapitalet-en-podd-om-ekonomi