‘Stop tariffs’, orders US Federal Court – but reverses it within 24 hours: Why the sudden U-turn?
Yet another dramatic twist has unfolded in the US tariff corridor! Within just 24 hours, the same US Federal Court delivered two starkly opposite rulings. In one moment, the court struck down Donald Trump’s sweeping tariffs, deeming them unjustified and labelling them as mere safeguard measures not rooted in genuine national security concerns. The other moment, it repealed the verdict, effectively reinstating the tariffs. After even commenting that the tariffs “exceed any authority granted to the president”, this unprecedented move by the US Federal Court arrives as a big surprise for the entire global trade communities.
What exactly did the court say?
The US Court of International Trade delivered the judgement this week that Donald Trump wrongly used the presidential authority under the International Emergency Economic Powers Act (IEEPA) for enforcing sweeping tariffs on aluminium, steel, and a wide array of end-user products imported from various parts of the world. The court particularly denounced the additional duties levied on key US allies like Mexico, Canada, and China, highlighting the severe economic repercussions that followed..
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