Playbook: “The judges — appointed by Ronald Reagan, Barack Obama and Trump himself, since you ask — unanimously agreed that the president exceeded his authority by claiming America’s long-standing trade deficit was a ‘national emergency’ which gave him tariff powers normally left to Congress.”
“Make no mistake: This is a crushing defeat for Trump, who has repeatedly said he wants to build a new economic model based on his trade tariffs. Instead, the court has struck them down right in the middle of tense negotiations with the EU, China and other key trading partners who had only been forced to the negotiating table by the tariff threat. It’s unclear if those talks will even continue.”
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