One of the biggest decisions in the United States has restricted the power of the president to impose tariffs using the emergency powers. In a 7-4 ruling issued by the US Court of Appeals for the Federal Circuit, on 29 August 2025, the former president Donald Trump was found guilty of illegality in his tariff orders under the International Emergency Economic Powers Act (IEEPA), 1977. According to the court, IEEPA does not give generalized power to unilateral tariffs. The court judgment, which affirms an earlier Manhattan Trade Court decision, is on hold pending appeal to the Supreme Court in October.
Month: Current Affairs - September 03, 2025
Category: current affairs daily