An American court stops the customs duties imposed by Trump
A US federal court has suspended comprehensive customs duties imposed by President Donald Trump, in a painful blow to a basic part of his economic policies.
The International Trade Court ruled that the emergency law, which the White House relied, does not give the president unilateral authority to impose customs duties on almost all countries of the world.
The Manhattan -based court confirmed that the United States constitution gives Congress exclusive powers to regulate trade with other countries, and does not resolve the president in protecting the economy in question.
Within minutes of the ruling, the Trump administration submitted an appeal.
The court also suspended a separate set of customs duties, which Trump imposed on China, Mexico and Canada since his return to the White House, in response to what he described as an unacceptable flow of drugs and illegal immigrants to the United States.
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"The non -elected judges will decide how to properly deal with a national emergency."
He added: "President Trump pledged to put America first, and the administration is committed to using all its executive authority to address this crisis and restore the greatness of America."
The lawsuit - which was filed by the liberal justice center, a non -partisan organization, was on behalf of five small companies importing goods from customs customs - was the first major legal appeal on the so -called customs "liberation day" imposed by Trump.
The General Prosecutor of the State of New York, one of the twelve states, welcomed the case, the decision.
"The law is clear: no president has the authority to raise the tax on his own whenever he wants," said Leitia James.
She added: "These customs duties represent a huge tax increase on working families and American companies, which would have led to more inflation, economic damage to companies of all sizes, and the loss of jobs throughout the country if it was permissible."
This issue is one of seven legal appeals on the Trump administration's commercial policies, along with appeals from 13 American states and other groups of small companies.
In the verdict, a three -judge said that the IEEPA Act of Economic Powers (IEPA) - a law issued in 1977 and was martyred by Trump to justify customs duties - does not give him the authority to impose it comprehensively.
They wrote: "The orders of the global and revenge tariffs exceed any authority granted to the president, according to the economic powers law in international emergency situations, to regulate import through customs duties. These fees fail to perform their job, because they do not deal with the threats stipulated in those orders."
Global financial markets have witnessed a state of fluctuations, since Trump announced comprehensive customs duties on April 2, where some procedures were canceled or reduced in light of the White House negotiations with foreign governments.
After the US court’s decision, stock markets in Asia rose on Thursday morning, as the Japanese Nikki 225 index rose by about 1.5 percent, and the Australian ASX 200 index increased slightly.
American stock futures also rose after the court's decision. Futures are contracts for purchase or sale of a basic origin in a future history, and they are an indication of how markets are trading when they open.
The US dollar also achieved gains against its safe currency counterparts, including the Japanese yen and the Swiss franc.
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