Erik Larson

2 weeks ago | bloomberg.com | Erik Larson |Josh Wingrove |Shawn Donnan |Laura Curtis

US President Donald Trump holds a poster detailing the reciprocal tariffs during an announcement in the White House Rose Garden in Washington, DC, on April 2, 2025. (Bloomberg) -- The fate of President Donald Trump’s trade war lies in the hands of the courts as a legal battle plays out over his use of emergency powers to impose tariffs. The US Court of International Trade ruled on May 28 that the vast majority of Trump’s levies were issued illegally and ordered them blocked.

4 weeks ago | carriermanagement.com | Erik Larson |Greg Stohr

A federal appeals court temporarily paused a ruling against President Donald Trump’s global tariffs while weighing a longer lasting hold on the sweeping decision, with the administration vowing to take the matter to the U.S. Supreme Court if necessary. A brief order granting the stay was issued Thursday by the U.S. Court of Appeals for the Federal Circuit, the latest twist in a case that has upended a pillar of Trump’s economic agenda.

4 weeks ago | news.bloombergtax.com | Erik Larson |Josh Wingrove |Shawn Donnan |Laura Curtis

The US Court of International Trade has blocked the vast majority of President Donald Trump’s tariffs, dealing a blow to a key pillar of his economic agenda. A panel of three judges unanimously ruled on May 28 that the bulk of the new import taxes were issued illegally, concluding that Trump wrongfully invoked an emergency law to justify the levies. It’s a rare rebuke as the courts tend to defer to the president on trade matters.

4 weeks ago | thedailynewsonline.com | Shawn Donnan |Erik Larson

President Donald Trump’s tariff strategy has been thrown into turmoil after a U.S. court issued a rare rebuke blocking many of the import taxes he has threatened and imposed on other countries. In a ruling issued late Wednesday, a three-judge panel for the U.S. Court of International Trade declared that the Trump administration had wrongly invoked a 1977 law in imposing his “Liberation Day” tariffs on dozens of countries and they were therefore illegal.

4 weeks ago | treasuryandrisk.com | Erik Larson |Josh Wingrove

Donald Trump. Photographer: Samuel Corum/Sipa/Getty Images. The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the U.S. trade court, dealing a major blow to one pillar of his economic agenda. A panel of three judges at the U.S. Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democrat-led states and small businesses and accused Trump of wrongfully invoking an emergency law to justify the bulk of his levies.