The Court of International Trade in New York on Wednesday said President Trump exceeded his authority to impose tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA). “The order halts Trump’s 30% tariffs on China, his 25% tariffs on some goods imported from Mexico and Canada, and the 10% universal tariffs on most goods coming into the United States. It does not, however, affect the 25% tariffs on autos, auto parts, steel or aluminum, which were subject to Section 232 of the Trade Expansion Act – a different law than the one Trump cited for his broader trade actions,” CNN reported. Last week US District Court Judge T. Kent Wetherell suggested President Trump had the authority to impose tariffs under IEEPA, a ruling…
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