Author: @aljif7
Platform: Hive
Date: Friday, May 30, 2025
Category: Finance-News
🚨 BREAKING: Trump’s Sweeping Tariff Plan Struck Down by Federal Court 🚨
A major blow to President Trump’s trade agenda as a federal court in New York rules his use of a 1977 law to justify sweeping tariffs was unconstitutional.
The U.S. Court of International Trade — made up of judges appointed by Trump, Obama, and Reagan — unanimously rejected the administration’s legal rationale for what would have been the largest tariffs since the 1930s. The ruling threatens Trump’s “Liberation Day” tariffs aimed at tackling trade imbalances and fentanyl smuggling.
📉 Market Impact:
- The original plan rattled global markets and spiked U.S. borrowing costs.
- Trump scaled back many tariffs after financial panic set in.
- Now, uncertainty grows over whether current tariffs (like those on steel, aluminum, and autos) will survive legal challenges.
⚖️ Legal & Constitutional Fallout:
Trump has repeatedly tried to bypass Congress using executive power — from tariffs to immigration policy. Courts are pushing back, raising concerns about a potential constitutional crisis if he refuses to comply.
🗣️ Trump Reacts:
“This would completely destroy Presidential Power — The Presidency would never be the same!” – Donald Trump, Truth Social
🧠Experts warn: Trump’s improvisational style and misunderstanding of constitutional limits may undermine both policy effectiveness and democratic norms.
🔄 What’s next?
The administration plans to appeal — and continue collecting tariffs for now.
But if courts ultimately side against him, billions in collected duties may need to be refunded.
đź“Ś Bottom line: Markets breathe a temporary sigh of relief, but the battle over presidential power is far from over.
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