The United States for Trade grants a terminal Trump tariff in the blow to commercial policies

An American federal court prevented President Donald Trump’s customs tariff, in a major blow to a major element in his economic policies.

The International Trade Court ruled that the Emergency Law called by the White House did not give the president unilateral authority to impose a tariff on almost every country.

The Manhattan -based court said that the American constitution gave Congress exclusive powers to regulate trade with other countries, and was not replaced by the president’s jurisdiction to protect the economy.

The Trump administration made an appeal within minutes of the ruling.

The judgment was based on two separate cases. The non -partisan Freedom Justice Center brought the issue on behalf of many small companies that import goods from countries that target duties, while the US State Government Alliance also challenged import taxes.

The two events are the first major legal challenge to the so -called “Tahrir Day” definitions.

A committee of three judges ruled that the IEEPA Economic Forces Law, which is the 1977 law that Trump cited to justify the definitions, does not give him the ability to impose comprehensive import taxes.

The court also prevented a separate set of fees imposed by the Trump administration on China, Mexico and Canada, In response to what he said, the unacceptable flow of drugs and illegal immigrants in the United States.

However, the court has not been asked to address the customs tariff imposed on some specified goods such as cars, steel and aluminum, which fall under a different law.

The White House criticized the ruling, although Trump was not commented directly.

“The non -elected judges do not decide how to properly address the state of national emergency,” Kush Disai, the White House’s deputy secretary at the White House, said in a statement.

He added: “President Trump pledged to put America first, and the administration is obligated to use each of the executive force to address this crisis and restore American greatness.”

But Leitia James, the New York Prosecutor, one of the 12 states involved in the lawsuit, welcomed the decision.

“The law is clear: there is no president who has the ability to raise taxes on his own whenever they want,” said Leitia James.

She added: “These definitions are a huge tax increase in working families and American companies that would lead to more inflation, economic damage to companies of all sizes, and job losses throughout the country if they are allowed to continue.”

Global markets responded positively to government. The stock markets in Asia rose on Thursday morning, futures in the United States jumped, and the US dollar has made gains against its safe peers, including the Japanese yen and the Swiss franc.

The White House has 10 days to complete the bureaucratic process of stopping the customs tariff, although most of them are currently suspended anyway.

The case must pass through the appeal process. If the White House does not succeed in its attractiveness, the Customs and Border Protection Agency (CBP) will issue directives to its officers, John Leonard, a former former CBP official, told the BBC.

However, the Supreme Court may be more friendly Trump.

But if all the courts settled the ruling, companies that were forced to pay customs duties will receive the amounts paid on the amounts paid, with interest. These include the so -called mutual definitions, which have been reduced to 10 % in all areas of most countries and were raised to 145 % on Chinese products, and now 30 %.

Mr. Leonard said that there will be no changes to the border at the present time and the customs duties must be paid.

Market reactions, in part, showed that investors “exhale weeks after the white joint fluctuations that were ignited by the edge of the trade war war,” Stephen Enness wrote at Spi Asset Management in a comment.

Mr. Anas said that the American judges gave a clear message: “The Oval Office is not a commercial office, and the constitution is not an empty check.”

“Outreach may have finally found a roof. With it, a new dose of macro stability – at least until the following address.”

Paul Ashworth, from Capital Economics, said that the ruling “is clear that it will dismantle the Trump administration’s boost to close” trade deals “quickly during Stop for 90 days of definitions“.

He expected that other countries would be “waiting and see” what is happening after that.

On April 2, Trump revealed unprecedented Global tariff system By imposing import taxes on most trading partners in the United States.

A 10 % basic tariff was placed on most countries, along with the sharp mutual tariff that was distributed to dozens of nations and blocs, including the European Union, the United Kingdom, Canada, Mexico and China.

Trump has argued that comprehensive economic policy will enhance American manufacturing and protect jobs.

Global markets have been launched in a state of chaos since the announcement and after that after Trump’s repercussions and the definitions of foreign governments to the negotiating table.

In addition to the turmoil, it was a lengthy trade war with China, as the world’s great powers became involved in increasing the customs tariff, which reached a peak with the US tax by 145 % on Chinese imports, and a 125 % Chinese tax on American imports.

The two largest economies in the world have agreed since then a truce, as the duties of the United States decreased to China to 30 %, and Chinese definitions on some US imports shrink to 10 %.

The United Kingdom and the United States as well She announced a deal on low definitions Between the two governments.

Trump threatened a 50 % tariff from June on all goods coming from the European Union after expressing frustration with the pace of commercial talks with the bloc – but then agreed To extend the deadline More than a month after the Chairman of the European Union Committee, Ursula von der Lin, said that more time is needed.

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