A federal court is blocking President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling from a three-judge panel came after several lawsuits arguing Trump has exceeded his authority, leaving U.S. trade policy dependent on his whims. At least seven lawsuits are challenging the levies, the centerpiece of Trump’s trade policy. Trump says he has the power to act because the country’s trade deficits amount to a national emergency. The court found the 1977 International Emergency Economic Powers Act does not authorize the use of tariffs. The plaintiffs argued that the trade deficit is not an emergency because the U.S. has run a trade deficit with the rest of the world for 49 consecutive years.
A federal court is blocking President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling from a three-judge panel came after several lawsuits arguing Trump has exceeded his authority, leaving U.S. trade policy dependent on his whims. At least seven lawsuits are challenging the levies, the centerpiece of Trump’s trade policy. Trump says he has the power to act because the country’s trade deficits amount to a national emergency. The court found the 1977 International Emergency Economic Powers Act does not authorize the use of tariffs. The plaintiffs argued that the trade deficit is not an emergency because the U.S. has run a trade deficit with the rest of the world for 49 consecutive years.
Jake Tapper continues his book tour as he continues to profit on "exposing" President Biden's cognitive decline after he denied to cover it for years. Plus Democrats like Pete Buttigieg are trying to re-write their own history to cover for themselves.
Are we failing to even imagine the worse? Abe Greenwald of Commentary joins Hugh to talk about where we are and where we might end up.
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A new variant of COVID-19 is circulating in parts of the world and may be driving an increase in cases in the eastern Mediterranean, Southeast Asia and western Pacific regions. The World Health Organization said Wednesday the new variant called NB.1.8.1 is increasing globally and in mid-May had reached nearly 11% of sequenced samples. Current vaccines are expected to remain effective and there’s nothing to suggest that the disease associated with the variant is more severe. Airport screening in the United States has detected the new variant in international travelers arriving in California, Washington state, Virginia and New York.
Vice President JD Vance praised the cryptocurrency industry Wednesday and urged it to remain active in U.S. politics and policymaking, highlighting the Trump administration’s close ties to a deep-pocketed industry that’s become a powerful force in Washington. Speaking at a bitcoin conference in Las Vegas, Vance urged the crypto executives and enthusiasts to keep pressure on Congress to pass pro-crypto legislation supported by the White House. Vance’s speech comes after Trump promised to make the U.S. the “crypto capital of the planet” when he addressed the same bitcoin conference in Nashville last year in the middle of the presidential campaign.
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