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.
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WTO gauges point to agricultural raw materials trade growing more slowly than overall goods, reinforcing the need to manage export risk and monitor policy shifts closely.
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