President Donald Trump claimed losing legal challenges to his sweeping tariffs would lead to the “economic ruination” of America after federal courts blocked his emergency trade powers while an appeals court provided temporary relief.
What Happened: Trump warned on Truth Social Sunday that adverse court rulings “would allow other Countries to hold our Nation hostage with their anti-American Tariffs,” following the U.S. Court of International Trade’s unanimous decision blocking emergency import taxes.
The U.S. Court of International Trade ruled unanimously to block Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, with the three-judge panel stating Trump “does not have unbounded authority” to impose the levies. Judges appointed by Trump, Barack Obama, and …