The Globe and Mail reports in its Friday, May 30, edition that on Wednesday, the U.S. Court of International Trade, at least for now, threw a wrench into President Donald Trump's trade machine, blocking his "Liberation Day" tariffs under the International Emergency Economic Powers Act (IEEPA), shutting down the so-called fentanyl and immigration duties as well as the 25-per-cent tariffs on non-CUSMA-compliant goods from Canada and the 10-per-cent baseline tariffs against the world. The Globe's guest columnist Lawrence Herman writes that the decision was firm and decisive in saying that the orders were illegal under that statute. The administration, however, is appealing that decision to the Court of Appeals and, win or lose, the case will end up in the U.S. Supreme Court. The White House has successfully sought a stay of the ruling. All of this means it will take some time before this saga reaches judicial conclusion. In the meantime, uncertainty abounds. It should also be noted that the CIT decision only affects these IEEPA tariffs. Other tariffs ordered by Mr. Trump under the 1962 Trade Expansion Act are not affected by the ruling. So, according to Mr. Herman, the drama is far from over.
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