The US Court of Appeals has found most of the global tariffs imposed by former President Donald Trump to be illegal. This was reported by Zamin.uz.
These tariffs were applied to almost all countries involved in US trade relations. According to the court ruling, Trump exceeded his authority, and this was determined to be unlawful.
The tariffs were imposed based on the Emergency Economic Powers Act enacted in 1977. However, the court emphasized that this law does not grant the president the right to impose duties or taxes.
For this reason, Trump's justification that "trade imbalance poses a threat to national security" was rejected. The tariffs will remain in effect until October 14.
Subsequently, they can only be maintained if the US Supreme Court issues a different ruling. The matter is currently expected to be reviewed by the Supreme Court.
Experts say the court's decision may have an impact on the US economy and the global market. Many countries are likely to monitor the ruling and exercise caution in trade relations with the US.
This could lead to a decrease in economic activity. If the Supreme Court upholds the Court of Appeals' decision, a major part of Trump's policy will suffer a serious blow.
Otherwise, the former president may continue to exercise broader powers. Therefore, this issue holds significant importance for US politics and international trade.
