Trump, Appeals court
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Donald Trump, TACO and tariff
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White House press secretary Karoline Leavitt opened her press briefing by railing against the recent court rulings against President Trump's global tariff policy.
20hon MSN
A trio of judges at the Manhattan-based trade court ruled that Trump’s use of emergency law to impose the tariffs was not legal. The ruling stated the power to regulate trade and commerce lay with Congress and that simply being President did not grant him power to supersede in the name of national security, which Trump had claimed.
A federal trade court has blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
The Donald Trump administration is considering alternative strategies after a court ruling blocked its reciprocal tariffs. Officials are exploring broad-based tariffs under the Trade Act of 1974, allowing levies up to 15% for 150 days.
President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.
Walmart (NYSE: WMT) imports a large percentage of its products, which makes it vulnerable to a higher tariff policy. *Stock prices used were the afternoon prices of May 26, 2025. The video was published on May 28,