Atomic Bob's Stock Forum - The Golden Thread

A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.

Why it matters: The U.S. Court of International Trade's ruling could bring the administration's trade war to a screeching halt.
By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office.
Driving the news: The court, ruling in two separate cases, issued a summary judgment throwing out all the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.

http://www.axios.com/2025/05/28/trump-tariffs-trade-court-ruling

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