Donald Trump’s sweeping global tariffs blocked by US Court of International Trade

News Snapshot:

A US trade court has blocked President Donald Trump from using emergency powers to impose sweeping tariffs on imports. The ruling on Wednesday, local time, by a three-judge panel at the New York-based Court of International Trade followed several lawsuits arguing that the president exceeded his authority, left US trade policy subject to his whims, and unleashed economic chaos. "The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs," the court wrote, referring to the 1977 International Emergency Economic Powers Act. Deputy Chief of Staff for Policy and...