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13:32Now PlayingDonald Trump's trade strategy is the center of an unfolding legal drama. After two federal courts ruled most of his tariffs illegal, an appeals court reinstated them on Thursday.
Trump used an emergency powers law to impose sweeping import taxes on most of the world. What he called "reciprocal tariffs" were launched with great fanfare on April 2nd, on what Trump called "Liberation Day". Judges at two courts ruled the president had overstepped his authority -- tariffs, they said, are the constitutional domain of Congress, NOT the White House. But the appeal process now keeps them in effect temporarily.
The legal tussle is set against a backdrop of global trade tensions and market uncertainty. Last week the US president announced tariffs up to 50 percent on the European Union, only to put them on pause until July 9th. The Trump administration has sharply criticized the intervention of the courts. Insights from Bernd Lange, Chairman of the European Parliament's Committee for International Trade, and from DW Washington Bureau Chief Ines Pohl.
#trump #tariffs #usa
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