The White House says it will appeal a federal court ruling against President Trump’s blanket tariffs. The court said he overstepped his emergency authority, putting major parts of his trade policy in jeopardy.
The U.S. Court of International Trade says the 10 percent blanket tariffs on all countries fell outside emergency requirements. They argued the Emergency Economic Powers Act is only allowed when there is an extraordinary threat to U.S. national security. The White House argues that the large trade imbalance is a national security threat.
The panel did allow tariffs in place under the Trade Expansion Act of 1962, which includes the 25 percent tax on imported cars and parts.
Related Stories
RealAg Radio host Shaun Haney discusses what the exemptions could mean for U.S. agriculture and global trade.
Renewable Fuels Association CEO Geoff Cooper discusses record public support for year-round E15, congressional legislation, the Renewable Fuel Standard, 45Z guidance, and ethanol trade with Brazil.
Chip Nellinger says trade developments, growing beef supplies and investor activity are all contributing to the recent pullback in cattle prices.
For producers who depend on overseas markets, the lack of progress leaves uncertainty over future trade policies.