High Sand Lows Report
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
High Sand Lows Report
No Result
View All Result
Home Latest News

Federal judge blocks 5 Trump tariff executive orders

by
May 29, 2025
in Latest News
0
Federal judge blocks 5 Trump tariff executive orders
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A federal judge in Washington, D.C., sided with a Chicago-area toy company on Thursday, blocking five executive orders signed by President Donald Trump that imposed tariffs on Chinese imports.

U.S. District Judge Rudolph Contreras determined the International Economic Emergency Economic Powers Act (IEEPA) does not authorize Trump to impose the tariffs in his executive orders.

Contreras granted a motion for a preliminary injunction, filed by the toy company, Learning Resources, Inc., which will be stayed for 14 days in case the administration decides to appeal the decision.

Trump announced his ‘Liberation Day’ reciprocal tariff plan on April 2, imposing a 10% baseline tariff on all countries.

In certain countries, hostile negotiations led to even higher levies, with taxes on Chinese imports reaching 145%.

Rick Woldenberg, CEO of Learning Resources, said in April the third-generation family business that had been manufacturing in China for four decades would face an almost 98% increase in its tariff bill.

He said the $2.3 million the company paid in 2024 would jump to $100.2 million in 2025. 

‘I wish I had $100 million,’ Woldenberg wrote in a statement. ‘Honest to God, no exaggeration: It feels like the end of days.’

China produces 97% of America’s imported baby carriages, 96% of its artificial flowers and umbrellas, 95% of its fireworks, 93% of its children’s coloring books and 90% of its combs, according to a report from the Macquarie investment bank.

On Wednesday, the U.S. Court of International Trade ruled the administration overstepped its authority over tariffs under IEEPA.

‘The Constitution assigns Congress the exclusive powers to ‘lay and collect Taxes, Duties, Imposts and Excises,’ and to ‘regulate Commerce with foreign Nations,’’ the court wrote in its opinion. ‘The question in the two cases before the court is whether the International Emergency Economic Powers Act of 1977 (‘IEEPA’) delegates these powers to the President in the form of authority to impose unlimited tariffs on goods from nearly every country in the world.’

Three judges, appointed by former Presidents Ronald Reagan, Barack Obama, and Trump, found IEEPA did not ‘confer such unbounded authority.’

The Trump administration appealed the decision to the U.S. Supreme Court, but it is unclear what goods will be subject to tariffs in the meantime, Reuters reported.

‘Foreign countries’ nonreciprocal treatment of the United States has fueled America’s historic and persistent trade deficits,’ White House spokesperson Kush Desai told FOX Business after the decision. ‘These deficits have created a national emergency that has decimated American communities, left our workers behind, and weakened our defense industrial base — facts that the court did not dispute.’ 

‘It is not for unelected judges to decide how to properly address a national emergency,’ Desai added. ‘President Trump pledged to put America First, and the Administration is committed to using every lever of executive power to address this crisis and restore American Greatness.’

FOX Business’ Greg Wehner and Bill Mears, and Reuters contributed to this report.

This post appeared first on FOX NEWS
Previous Post

Lone Biden official breaks silence on cognitive decline as Cabinet stays mute

Next Post

Senate Republicans plan hearing on Biden’s alleged cognitive decline cover-up

Next Post
Senate Republicans plan hearing on Biden’s alleged cognitive decline cover-up

Senate Republicans plan hearing on Biden’s alleged cognitive decline cover-up

  • Trending
  • Comments
  • Latest
Adani, Ambani news units sue OpenAI over copyright, Reuters reports

Adani, Ambani news units sue OpenAI over copyright, Reuters reports

January 29, 2025
BASF results down on impairments, restructuring

BASF results down on impairments, restructuring

January 29, 2025
UMG shares rally after new multi-year pact with Spotify

UMG shares rally after new multi-year pact with Spotify

January 29, 2025
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

January 29, 2025
Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

0
British Land stock drops following stake sale

British Land stock drops following stake sale

0
Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

0
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

0
Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

June 29, 2025
Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

June 29, 2025
Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

June 28, 2025
Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

June 28, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Top News

    Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

    Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

    June 29, 2025
    Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

    Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

    June 29, 2025

    Latest News

    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians
    • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Highsandlowsreport.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 Highsandlowsreport.com All Rights Reserved.