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TaxTMI 
Federal trade court blocks Trump from imposing sweeping tariffs under emergency powers law
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....ederal trade court blocks Trump from imposing sweeping tariffs under emergency powers law<BR>Customs & Trade<BR>Dated:- 29-5-2025<BR>PTI<BR>Washington, May 29 (AP) A federal trade court on Wednesday b....
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....locked US President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling from a three-judge panel came after several lawsuits argued that Trump exceeded hi....
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....s authority, left US trade policy dependent on his whims and unleashed economic chaos. At least seven lawsuits are challenging the levies, the centrepiece of Trump's trade policy. Tariffs must typic....
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....ally be approved by Congress, but Trump said he has the power to act because the country's trade deficits amount to a national emergency. He imposed tariffs on most countries of the world at one poin....
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....t, sending markets reeling. The plaintiffs argued that the 1977 International Emergency Economic Powers Act (IEPPA) does not authorise the use of tariffs. Even if it did, they said, the trade defici....
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....t does not meet the law's requirement that an emergency be triggered only by an "unusual and extraordinary threat". The US has run a trade deficit with the rest of the world for 49 consecutive years.....
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.... (AP) ARI<BR> News - Press release - PIB....