A federal appeals court has delivered a significant blow, ruling that most of Donald Trump's tariffs on Chinese goods were illegally imposed.
This decision stems from a lawsuit challenging the legality of the tariffs, initially implemented in 2018 under the guise of national security. The court found the tariffs bypassed required Congressional approval, a key point in the legal challenge.
The ruling specifically targets tariffs worth approximately $300 billion, impacting a wide range of consumer goods and industries. This represents a substantial portion of the tariffs imposed during the Trump administration, sparking immediate debate about their future.
Past legal battles have questioned the tariffs' justification, but this appeals court ruling carries significant weight. Trump himself has warned the decision could "literally destroy the United States," highlighting the potential economic ramifications.
The Biden administration now faces a crucial decision: appeal the ruling or adjust trade policies, potentially reshaping the landscape of US-China trade relations and impacting businesses worldwide.
