


An appeals court has just blocked most of the tariffs in President Trump’s global tariff policy, which he unveiled on Liberation Day.
Here’s the news via CNBC:
A federal appeals court ruled Friday that most of President Donald Trump’s global tariffs are illegal, striking a massive blow to the core of his aggressive trade policy.
A panel of three judges on the U.S. Court of Appeals for the Federal Circuit ruled that the law Trump invoked when he granted his most expansive tariffs does not actually grant him the power to impose those levies.
Trump is all but certain to appeal the ruling to the Supreme Court. The appellate court paused its ruling from taking effect until Oct. 14, in order to give the Trump administration time to ask the Supreme Court to take up the case.
The White House did not immediately respond to CNBC’s request for comment on the ruling.
They will definitely appeal this and may get an injunction soon, especially given the great importance of this case.