“The first federal court hearing on Trump’s tariffs did not go so well for Trump
Much of the hearing focused on whether Richard Nixon can save Trump’s tariffs.”“A federal court held the very first hearing on President Donald Trump’s wide-ranging, so-called Liberation Day tariffs on Tuesday, offering the earliest window into whether those tariffs — and potentially all of the shifting tariffs Trump has imposed since he retook office — will be struck down. The case is V.O.S. Selections v. Trump.
It is unclear how the three-judge panel that heard the case will rule, but it appears somewhat more likely than not that they will rule that the tariffs are unlawful.”
“At the heart of V.O.S. Selections are four key words in the International Emergency Economic Powers Act of 1977 (IEEPA), the statute Trump relied on when he imposed these tariffs.
That statute permits the president to “regulate” transactions involving foreign goods — a verb which Yoshida held is expansive enough to permit tariffs — but only “to deal with an unusual and extraordinary threat with respect to which a national emergency has been declared.” It is likely that the trade court’s decision will turn on what the words “unusual and extraordinary threat” means. While Yoshida offered guidance on “regulate,” there appears to be few, if any, precedents interpreting what those four words mean.”
The first federal court hearing on Trump’s tariffs did not go so well for Trump
Much of the hearing focused on whether Richard Nixon can save Trump’s tariffs.
www.vox.comThis should be interesting.
