Zac Anderson

1 week ago | usatoday.com | Zac Anderson

President Donald Trump's administration can continue to levy tariffs while challenging a court decision blocking him from doing so, an appeals court ruled. The May 29 ruling by the United States Court of Appeals for the Federal Circuit means Trump will still be able to wield his chief economic tool in the short term. It comes a day after the United States Court of International Trade invalidated his use of the the International Emergency Economic Powers Act of 1977 to levy tariffs.

1 week ago | usatoday.com | Zac Anderson

Under pressure from President Donald Trump to lower interest rates, Federal Reserve Chairman Jerome Powell met with the president at the White House, where Trump continued to press his case and Powell said he won't take politics into account in setting monetary policy, according to a Fed statement and the White House press secretary. Trump asked Powell to meet with him, according to the statement. Powell has previously said he has never requested a meeting with a president.

1 week ago | usatoday.com | Zac Anderson

The United States Court of International Trade ruled President Donald Trump can't use a 1977 law to impose tariffs, dealing a blow to his trade agenda. Trump declared a national emergency to invoke the International Emergency Economic Powers Act and impose tariffs on foreign nations. The unanimous ruling from the three-judge panel states the IEEPA "does not authorize" Trump's tariffs and orders them halted. The ruling notes that the U.S. Constitution gives Congress the authority to impose tariffs.

1 week ago | wisfarmer.com | Zac Anderson

A federal court ruled President Donald Trump can't use an emergency-powers law to impose tariffs on foreign countries, dealing a blow to his trade agenda. The three-judge panel of the United States Court of International Trade unanimously found that the International Emergency Economic Powers Act of 1977, which Trump invoked to unilaterally enact duties on foreign goods, "does not authorize" the tariffs and ordered them halted.

1 week ago | eu.northjersey.com | Zac Anderson

The United States Court of International Trade ruled President Donald Trump can't use a 1977 law to impose tariffs, dealing a blow to his trade agenda. Trump declared a series of national emergencies to invoke the International Emergency Economic Powers Act and impose tariffs on foreign nations. The unanimous ruling from the three-judge panel states the IEEPA "does not authorize" Trump's tariffs and orders them halted.