A U.S. trade court ruled that Donald Trump exceeded his authority by imposing sweeping tariffs, stating that only Congress has the power to regulate international commerce.

If the court's decision is upheld, the U.S. may be forced to refund around $10bn in tariffs collected since April 2—including $3.5bn to China alone. The Trump administration plans to appeal, signaling a new chapter in the trade war.

#TrumpMediaBitcoinTreasury #TrumpTariffs