Overview

• The court permanently vacated the 10 percent baseline tariff and higher duties announced on April 2 for all U.S. trading partners.
• Judges held that IEEPA does not authorize the president to impose unlimited tariffs and reserved that power for Congress.
• The injunction covers all “Worldwide and Retaliatory Tariff Orders,” applying nationwide beyond the businesses and states that sued.
• The decision found that citing trade deficits and fentanyl-related threats did not meet IEEPA’s requirement for an “unusual and extraordinary” emergency.
• White House spokesman Kush Desai said the administration will appeal the ruling and contested the idea that judges should dictate emergency policy.