The Court of International Trade struck down tariffs imposed under the 1977 IEEPA Act, ruling that the president cannot unilaterally declare emergencies for tariff purposes. While other legal statutes could have been used, the court found the chosen method invalid. Some companies may get refunds for the tariffs they've paid. This ruling could jeopardize the president’s planned funding for a major bill that relied heavily on tariff revenue, as the court emphasized the need for congressional approval for such actions.
https://linktr.ee/RobBlack.
#short #shorts #shortvideo #shortsvideo #trending #stocks #stockmarket #stock #market #finance #investing #investment #latest #fed #interestrates
