US trade court blocks $TRUMP 's sweeping tariffs. "$BTC "
On May 28, 2025, the U.S. Court of International Trade ruled that former President Donald Trump exceeded his authority by imposing the "Liberation Day" tariffs under the International Emergency Economic Powers Act (IEEPA).
The court found that trade deficits did not constitute a national emergency, thus invalidating the tariffs.
The decision, stemming from the case V.O.S. Selections, Inc. v. Trump, was a response to lawsuits filed by small businesses and 13 states challenging the tariffs' legality and economic impact. The ruling has been praised for upholding constitutional checks and balances, while the Trump administration plans to appeal, defending the tariffs as necessary for national economic security.
