See, when you're a stupid cunt, everyone shuts your dumb shit down.
So much WINNING
A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.
Why it matters: The U.S. Court of International Trade's ruling could bring the administration's trade war to a screeching halt.
- By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office.
- Trump used the 1977 law, which had never before been invoked in a tariff situation, to unilaterally impose sweeping trade levies worldwide.
- The two groups of plaintiffs — businesses and states — sued on the grounds that the president's orders violated the Constitution's grant of authority over import duties to Congress.
- "The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder."
- Tariffs imposed under a different legal authority called Section 232 — including on imports of autos, steel and aluminum — are unaffected by the ruling.
- The three judges who heard the case were Reagan, Obama and Trump appointees.
- The White House did not immediately respond to Axios' request for comment on Wednesday evening.The administration had already filed a notice of appeal, per multiple reports.
- "The judicial coup is out of control," White House deputy chief of staff Stephen Miller posted to X, in response to the ruling.
- "The challenged Tariff Orders will be vacated and their operation permanently enjoined," the court wrote.
- Markets, and businesses, will likely be paying rapt attention in coming days to how the administration responds and whether higher courts intervene.
- "(It) gives foreign governments - once compelled to negotiate new terms of the trade agreements the Trump administration broke - significant new leverage in ongoing trade talks," said Scott Lincicome, vice president of the Cato Institute's Stiefel Center for Trade Policy Studies, in a statement.