The Globe and Mail reports in its Thursday edition that Canada should not rush into a trade deal with President Donald Trump and should instead wait it out. Guest columnist Carlo Dade writes that on May 28, the U.S. Court of International Trade, including a Trump-appointed judge, unanimously and decisively ruled that the administration's use of the International Emergency Economic Powers Act (IEEPA) to impose what in essence have become whatever-whenever-wherever-however-on-whomever tariffs, at the snap of the President's finger, is unconstitutional and that the tariffs imposed using this power should be struck down. (A separate suit in a U.S. District Court also ruled against the administration's use of emergency powers to impose tariffs.) This ruling on tariffs issued under the IEEPA struck down the fentanyl and immigration tariffs on Canada, China and Mexico, as well as the "Liberation Day" tariffs. The ruling is on hold while the case is being appealed, potentially all the way to the Supreme Court. The Appeals court will hear arguments July 31. If the ruling is upheld, the tariffs issued on the President's sole authority, such as fentanyl and Liberation Day tariffs, would end, and tariffs-by-whim would be over.
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