Finally, someone putting some brakes on the jackass. It’s a good start….

 

Trump Tariffs Ruled Illegal by Federal Judicial Panel

A panel of federal judges blocked President Trump from imposing some of his steepest tariffs, finding in two cases that he vastly overstepped his ability to issue those expansive duties under federal law.

A panel of federal judges on Wednesday blocked President Trump from imposing some of his steepest tariffs on China and other U.S. trading partners, finding that federal law did not grant him “unbounded authority” to tax imports from nearly every country around the world.

The ruling, by the U.S. Court of International Trade, delivered an early yet significant setback to Mr. Trump, undercutting his primary leverage as he looks to pressure other nations into striking trade deals more beneficial to the United States.

Before Mr. Trump took office, no president had sought to invoke the International Emergency Economic Powers Act, a 1977 law, to impose tariffs on other nations. The law, which primarily concerns trade embargoes and sanctions, does not even mention tariffs.