US appeals court allows Trump to continue collecting tariffs under emergency powers law for now

US appeals court allows Trump to continue collecting tariffs under emergency powers law for now

Washington:

Amid tariff issue in the US, a federal appeals court on Thursday allowed US President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration appeals an order striking down the bulk of his signature set of economic policies.

The appeals court temporarily halted the order from a federal trade court issued a day before.

Trump is facing several lawsuits arguing his “Liberation Day” tariffs exceeded his authority and left the country's trade policy dependent on his whims.

Read More Air India crash: International media highlights fuel switch anomaly revealed by AAIB report

A three-judge panel of the US Court of International Trade ruled Wednesday that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and plaster taxes – tariffs – on imports from almost every country in the world.

Read More Diljit Dosanjh reacts to 'No Entry 2' exit rumours, calls Anees Bazmee his 'favourite director' | Watch

The ruling was a big setback for Trump, whose erratic trade policies have rocked financial markets, paralysed businesses with uncertainty and raised fears of higher prices and slower economic growth.

Read More Supreme Court refuses to halt Bihar voter list revision, but raises concern on timing

(With inputs from AP)

Tags:

About The Author

Aryan Age Picture

Welcome to Aryan Age, an English newspaper that has been serving readers since 2011 from Delhi. With a loyal circulation of over 19,000, we are dedicated to providing our readers with the latest news and information, as well as insightful analysis and commentary that help them navigate the complex and rapidly changing world.

Post Comment

Comment List

Latest News

Live Cricket Score

Advertisement

Science & Tech

Astronaut Shubanshu Shukla and NASA Axiom-4 crew prepare to return to earth on this date Astronaut Shubanshu Shukla and NASA Axiom-4 crew prepare to return to earth on this date
New Delhi: Indian astronaut Shubanshu Shukla, along with three other crew members of NASA’s Axiom-4 mission, is gearing up to...
How Nations Bizz Balances Breaking News with Deep-Dive Analysis in Business & Tech?

Health

UN warns 4 million could die from AIDS by 2029 as U.S. cuts HIV funding UN warns 4 million could die from AIDS by 2029 as U.S. cuts HIV funding
New Delhi: A recent UNAIDS report, which was released on Thursday, revealed that the sudden withdrawal of US investment into...
Is it just burnout or something serious? When should you take brain fog seriously, doctor answers

Lifestyle

Memory games to mental math: Try these brain exercises to improve your memory Memory games to mental math: Try these brain exercises to improve your memory
New Delhi: Your brain is one of the most important organs in the body. It controls different functions of the...
Consume these healthy, low-sodium snacks to satisfy your tea-time cravings, know recipe