A U.S. federal court just delivered a major blow to former President Donald Trump’s trade policies, blocking his controversial ‘Liberation Day’ tariffs hours before they were set to take effect. The ruling? The president can’t unilaterally slap taxes on imports from countries that sell more to the U.S. than they buy—no matter how fiery the trade war rhetoric gets. 💥
The Manhattan-based Court of International Trade dropped the mic 🎤, stating Congress holds exclusive power over international commerce under the Constitution. Trump’s use of emergency economic powers? Overstepped, according to the judges.
Five small businesses—from a New York wine importer to a Virginia-based educational kit maker—cheered the decision. They argued the tariffs would’ve crushed their bottom lines, turning global trade into a real-life ‘Squid Game’ for entrepreneurs. 🎯
This case is just one of seven legal challenges against Trump-era tariffs, with 13 U.S. states and other business coalitions joining the fight. Could this ruling set a precedent for future trade battles? Stay tuned. 📈⚖️
