President Donald Trump's attempt to impose a 25% tariff on Apple and other manufacturers has hit a roadblock as The U.S. Court of International Trade ruled that he does not have the authority to impose tariffs on other countries. The court stated that the U.S. Constitution grants Congress exclusive power to regulate commerce with other nations, and this authority cannot be overridden by the president's emergency powers. The Trump administration has filed a notice of appeal against the ruling.
The court's decision comes after a pair of lawsuits, one filed by 13 states and the other by the Liberty Justice Center representing small U.S. businesses, challenged the legality of the tariffs. The ruling has led to a surge in Apple's shares, reflecting investor optimism in the company's future.
Despite the administration's efforts to defend the tariffs, the court's ruling underscores the importance of upholding legal norms in trade decisions. The impact of this decision on Apple and other manufacturers remains to be seen as the legal battle continues.
