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Strategies & Market Trends : World Outlook
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From: Les H8/29/2025 5:59:55 PM
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Federal appeals court strikes down major chunk of Trump’s tariffsThe ruling will not take effect right away, giving the administration time to appeal to the Supreme Court.

By Doug Palmer and Kyle Cheney08/29/2025 05:47 PM EDT

A federal appeals court on Friday struck down President Donald Trump’s use of emergency powers granted by Congress to impose tariffs, opening the door for the administration to potentially have to repay billions worth of duties.

The 7-4 ruling raises doubt about deals Trump has struck with the European Union, Japan, South Korea and other major trading partners to reduce the “reciprocal” tariff rates on their imports from the levels the administration originally set in April.

It also threatens tariffs that Trump has imposed on China, Canada and Mexico to pressure those countries to do more to stop shipments of fentanyl and precursor chemicals from entering the United States.

The ruling, however, will not take effect until Oct. 14, giving the Trump administration time to appeal the decision to the Supreme Court.

[url=https://www.politico.com/news/2025/08/29/federal-appeals-court-strikes-down-major-chunk-of-trumps-tariffs-00537643][url=https://www.politico.com/news/2025/08/29/federal-appeals-court-strikes-down-major-chunk-of-trumps-tariffs-00537643]Politico[/url][/url]
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