India, Aug. 30 -- The US Court of Appeals for the Federal Circuit in Washington ruled that the US administration's reciprocal tariffs were illegally applied.
In a judgment on Friday, the court ruled that President Donald Trump did not have the authority to impose tariffs by invoking a 1970s-era law known as the International Emergency Economic Powers Act (IEEPA). Though the tariffs were declared illegal, the court's decision will not take effect until October 14. This will give the Trump administration time to challenge the ruling in the Supreme Court.
However, the decision does cast uncertainty on the durability of Trump's tariffs. On April 2 this year, dubbed "Liberation Day" by Trump, America imposed a baseline 10% tariff on every co...
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