The Prague Post - US appeals court finds Trump's global tariffs illegal

EUR -
AED 4.261283
AFN 74.261171
ALL 95.911296
AMD 437.051472
ANG 2.077072
AOA 1064.014708
ARS 1604.158648
AUD 1.668951
AWG 2.090029
AZN 1.968011
BAM 1.955921
BBD 2.336515
BDT 142.693116
BGN 1.983348
BHD 0.438038
BIF 3446.905945
BMD 1.160322
BND 1.488275
BOB 8.015909
BRL 5.991293
BSD 1.160107
BTN 107.669216
BWP 15.777858
BYN 3.450006
BYR 22742.304383
BZD 2.333145
CAD 1.612337
CDF 2651.334459
CHF 0.918632
CLF 0.02714
CLP 1071.220348
CNY 7.990613
CNH 7.977391
COP 4274.137632
CRC 539.363521
CUC 1.160322
CUP 30.748524
CVE 110.271334
CZK 24.511787
DJF 206.583439
DKK 7.472135
DOP 69.797017
DZD 154.001379
EGP 62.19185
ERN 17.404825
ETB 181.140553
FJD 2.619311
FKP 0.880105
GBP 0.871082
GEL 3.121197
GGP 0.880105
GHS 12.761448
GIP 0.880105
GMD 85.863393
GNF 10173.5844
GTQ 8.87451
GYD 242.797548
HKD 9.094143
HNL 30.817098
HRK 7.532231
HTG 152.277934
HUF 381.849964
IDR 19626.840747
ILS 3.633618
IMP 0.880105
INR 108.387849
IQD 1519.652777
IRR 1526838.254012
ISK 143.786795
JEP 0.880105
JMD 183.470539
JOD 0.822688
JPY 183.747958
KES 150.922833
KGS 101.470385
KHR 4641.546639
KMF 497.202931
KPW 1044.22375
KRW 1746.330183
KWD 0.358714
KYD 0.966814
KZT 551.491679
LAK 25566.900867
LBP 103886.387139
LKR 365.701007
LRD 212.875071
LSL 19.483319
LTL 3.426128
LVL 0.701867
LYD 7.399425
MAD 10.836522
MDL 20.435407
MGA 4908.556934
MKD 61.622251
MMK 2437.146558
MNT 4145.506946
MOP 9.366784
MRU 46.280658
MUR 54.291439
MVR 17.94964
MWK 2011.619574
MXN 20.713888
MYR 4.67259
MZN 74.202229
NAD 19.484159
NGN 1604.155992
NIO 42.693924
NOK 11.207465
NPR 172.271289
NZD 2.010205
OMR 0.44614
PAB 1.160132
PEN 4.036371
PGK 5.017202
PHP 69.816317
PKR 323.677093
PLN 4.279092
PYG 7534.367862
QAR 4.229707
RON 5.096133
RSD 117.4315
RUB 93.177821
RWF 1697.799952
SAR 4.355121
SBD 9.33135
SCR 16.074957
SDG 697.353606
SEK 10.887739
SGD 1.487393
SHP 0.870542
SLE 28.485577
SLL 24331.377447
SOS 662.97808
SRD 43.365829
STD 24016.315521
STN 24.502886
SVC 10.150583
SYP 128.502495
SZL 19.477294
THB 37.702914
TJS 11.093359
TMT 4.072729
TND 3.405366
TOP 2.793775
TRY 51.604606
TTD 7.873927
TWD 37.098387
TZS 3011.034426
UAH 50.763697
UGX 4321.397206
USD 1.160322
UYU 47.152709
UZS 14091.809474
VES 549.154537
VND 30557.070711
VUV 139.521706
WST 3.223041
XAF 656.034262
XAG 0.015473
XAU 0.000245
XCD 3.135828
XCG 2.09062
XDR 0.824933
XOF 655.989028
XPF 119.331742
YER 276.910464
ZAR 19.477972
ZMK 10444.282546
ZMW 22.360537
ZWL 373.623099
  • BTI

    -2.1700

    56.3

    -3.85%

  • RIO

    1.3000

    94.59

    +1.37%

  • RYCEF

    0.4000

    15.45

    +2.59%

  • BP

    -1.0200

    45.98

    -2.22%

  • GSK

    0.5600

    55.75

    +1%

  • BCC

    0.1850

    76.035

    +0.24%

  • BCE

    -0.0950

    25.145

    -0.38%

  • RELX

    -0.2300

    32.92

    -0.7%

  • NGG

    1.6850

    86.285

    +1.95%

  • VOD

    0.0650

    15.085

    +0.43%

  • JRI

    0.1400

    12.44

    +1.13%

  • CMSD

    0.0800

    22.18

    +0.36%

  • AZN

    3.0950

    200.315

    +1.55%

  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.2000

    22.1

    +0.9%

US appeals court finds Trump's global tariffs illegal
US appeals court finds Trump's global tariffs illegal / Photo: Brendan SMIALOWSKI - AFP/File

US appeals court finds Trump's global tariffs illegal

A US appeals court on Friday ruled that many of President Donald Trump's tariffs, which have upended global trade, were illegal -- but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court.

Text size:

The 7-4 ruling by the US Court of Appeals for the Federal Circuit affirmed a lower court's finding that Trump had exceeded his authority in tapping emergency economic powers to impose wide-ranging duties.

But the judges allowed the tariffs to stay in place through mid-October.

The decision marks a blow to the president, who has wielded duties as a wide-ranging economic policy tool.

It could also cast doubt over deals Trump has struck with major trading partners such as the European Union, and raised the question of what would happen to the billions of dollars collected by the United States since the tariffs were put in place if the conservative-majority Supreme Court does not back him.

Trump on Friday lashed out at the ruling, saying on his Truth Social platform that the appeals court "incorrectly said that our Tariffs should be removed, but they know the United States of America will win in the end."

He added that he would fight back "with the help of the United States Supreme Court."

Since returning to the presidency in January, Trump has invoked the International Emergency Economic Powers Act (IEEPA) to impose "reciprocal" tariffs on almost all US trading partners, with a 10-percent baseline level and higher rates for dozens of economies.

He has invoked similar authorities to slap separate tariffs hitting Mexico, Canada and China over the flow of deadly drugs into the United States.

Friday's ruling noted that "the statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax."

It added that it was not addressing if Trump's actions should have been taken as a matter of policy or deciding whether IEEPA authorizes any tariffs at all.

Instead, it sought to resolve the question of whether Trump's "reciprocal" tariffs and those imposed over trafficking were authorized, with the document noting: "We conclude they are not."

The US Court of International Trade ruled in May that Trump had overstepped his authority with across-the-board global levies.

Several legal challenges have been filed against the tariffs Trump invoked citing emergencies.

If these tariffs are ultimately ruled illegal, companies could possibly seek reimbursements.

D.Dvorak--TPP