Appeals Court Allows White House to Continue Collecting Tariffs After Earlier Ruling

In a major legal development for international trade, the U.S. Court of International Trade (CIT) ruled on May 28 that President Trump’s “Liberation Day” tariffs—enacted under the International Emergency Economic Powers Act (IEEPA)—exceeded presidential authority and must be vacated. The ruling stems from consolidated cases V.O.S Selections Inc. et al and The State of Oregon…