Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Federal court rules against new global tariffs Trump imposed after loss at Supreme Court

AP
Updated: May 8th, 2026, 10:35 IST
in Business, Home News, International
0
Trump tariffs likely to result in US GDP go down by 40-50 bps: Report

Pic - IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Washington: A federal court has ruled against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court.

A split three-judge panel of the Court of International Trade in New York on Thursday found the 10 per cent global tariffs were illegal after small businesses sued.

Also Read

Pakistan over AI-generated fake images of loan defaulters

Pakistan to chair IMF, World Bank boards next year for first time since 1953

50 minutes ago
Pic- IANS

Centre okays Rs 1,195 crore plan to upgrade ITI clusters in Odisha, Maharashtra, J&K

1 hour ago

The court ruled 2-1 that Trump overstepped the tariff power that Congress had allowed the president under the law. The tariffs are “invalid” and “unauthorised by law”, the majority wrote.

The third judge on the panel found the law allows the president more leeway on tariffs.

If the administration appeals Thursday’s decision, as expected, it would first turn to the US Court of Appeals for the Federal Circuit, based in Washington, and then, potentially, the Supreme Court.

At issue are temporary 10 per cent worldwide tariffs the Trump administration imposed after the Supreme Court in February struck down even broader double-digit tariffs the president had imposed last year on almost every country on Earth. The new tariffs, invoked under Section 122 of the Trade Act of 1974, were set to expire July 24.

The court’s decision directly applied only to three of the plaintiffs – the state of Washington and two businesses, spice company Burlap & Barrel and toy company Basic Fun! “It’s not clear” whether other businesses would have to continue to pay the tariffs, said Jeffrey Schwab, director of litigation at the libertarian Liberty Justice Center, which represented the two companies.

“We fought back today and we won, and we’re extremely excited,” Jay Foreman, CEO of Basic Fun!, told reporters Thursday.

The ruling marked another legal setback for the Trump administration, which has attempted to shield the US economy behind a wall of import taxes. Last year, Trump invoked the 1977 International Emergency Economic Powers Act (IEEPA) to declare the nation’s longstanding trade deficit a national emergency, justifying sweeping global tariffs.

The Supreme Court ruled February 28 that IEEPA did not authorize the tariffs. The US Constitution gives Congress the power to establish taxes, including tariffs, though lawmakers can delegate tariff power to the president.

Trump is widely expected to try to replace the tariffs that have been struck down. The administration is conducting two investigations that could end in more tariffs.

The Office of the US Trade Representative is looking into whether 16 US trading partners – including China, the European Union and Japan – are overproducing goods, driving down prices and putting US manufacturers at a disadvantage. It is also investigating whether 60 economies – from Nigeria to Norway and accounting for 99 per cent of US imports – do enough to prohibit the trade in products created by forced labour.

AP

Orissa POST – Odisha’s No.1 English Daily
Tags: BusinessTariffUS
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019

Archives

Editorial

Anxiety After 2024

October 14, 2026

Defeat in Ayodhya in 2024, where the Ram temple was built with much pomp, appears to have deeply shaken the...

Read moreDetails

Clash of Titans

Elon Musk
October 13, 2026

One of the infirmities that democratically elected governments the world over suffer from is the extra-constitutional powers that captains of...

Read moreDetails

SIR: Number Games

SIR
October 12, 2026

At a time when there are nationwide protests demanding the resignation of Chief Election Commissioner (CEC) Gyanesh Kumar over the...

Read moreDetails

Democratic Decline

Aakar Patel
October 11, 2026

By Aakar Patel In 5 March 2021, the Press Information Bureau of the Government of India put out a statement...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST