247 - A U.S. appeals court ruled Friday (29) that most of Donald Trump's tariffs are illegal, weakening the Republican president's use of these measures as his central tool of international economic policy. The information is from Reuters.
“The statute grants the President significant authority to take a variety of actions in response to a declared national emergency, but none of those actions explicitly includes the power to impose tariffs, duties, or similar taxes, or the power to tax,” the ruling from the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., said.
Trump made tariffs a pillar of U.S. foreign policy during his second term, using them to exert political pressure and renegotiate trade agreements with countries that export goods to the United States, including Brazil.