Instant Reaction: Trump’s Global Tariffs Found Illegal by US Appeals Court

<p>Most of President Donald Trump&rsquo;s global tariffs were ruled illegal by a federal appeals court that found he exceeded his authority in imposing them, but the judges let the levies stay in place while the case is subject to further review.<br /><br />The US Court of Appeals for the Federal Circuit on Friday upheld an earlier ruling by the Court of International Trade that Trump wrongfully invoked an emergency law to issue the tariffs. But the appellate judges sent the case back to the lower court to determine if it applied to everyone affected by tariffs or just the parties involved in the case.<br /><br />Friday&rsquo;s 7-4 decision by the Federal Circuit could extend the suspense over whether Trump&rsquo;s tariffs will ultimately stand. The case had been expected to next go to the Supreme Court for a final ruling. The administration could now turn to the justices, who have largely backed the president on other matters. But the White House could also let the Court of International Trade revisit the matter first.<br /><br />&ldquo;ALL TARIFFS ARE STILL IN EFFECT!&rdquo; Trump said in a post on Truth Social shortly after the decision was issued.</p> <p>For instant reaction and analysis, Bloomberg Balance of Power cohost Joe Mathieu speaks with Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis, both Bloomberg politics contributors.&nbsp;</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>