The U.S. Court of Appeals for the Federal Circuit ruled that most of President Donald Trump’s so-called reciprocal tariffs on global trading partners are illegal, upholding an earlier ruling by the Court of International Trade, which found that the tariffs’ legal basis under the International Emergency Economic Powers Act wasn’t valid.
President Donald Trump’s trade war suffered a severe blow late Friday, when a federal appeals court stuck down most of his so-called reciprocal tariffs against global trading partners.
The U.S. Court of Appeals for the Federal Circuit upheld an earlier ruling by the Court of International Trade, which found that the tariffs’ legal basis under the International Emergency Economic Powers Act (IEEPA) wasn’t valid, saying that the administration’s argument f