- Court halts tariffs initiated by Trump under IEEPA.
- Tariffs blocked by U.S. International Trade Court.
- Major impact on small businesses importing goods.
Former U.S. President Donald Trump’s “Liberation Day” tariffs were blocked by the United States International Trade Court on May 29, 2025, impacting American import businesses.
The court deemed Trump’s use of the International Emergency Economic Powers Act to impose tariffs an overreach, impacting trade regulation authority and affecting small businesses.
U.S. International Trade Court Stops 10% Tariff Policy
The United States International Trade Court blocked former President Trump’s “Liberation Day” tariffs, representing the first significant legal challenge against his executive orders invoking the International Emergency Economic Powers Act for tariff imposition. Trump’s tariffs, which targeted all U.S. imports with a 10% duty, were contested for overstepping presidential powers. The court highlighted that only Congress holds the power to manage foreign trade.
The court’s decision led to an immediate halt in a policy that directly increased import costs for American businesses. The lawsuit was spearheaded by the Liberty Justice Center, advocating for five small American businesses concerned over their operational capabilities. Trump’s administration has responded with a notice of appeal following the ruling.
Market reactions to the halted tariffs include concerns within the small business community, due to the anticipated relief from increased import costs. Public statements have been notably absent from Trump or the Liberty Justice Center, as they await the outcome of the appeal process. The legal community anticipates significant implications for future trade regulations.
Legal Ruling Reduces Strain on Small Import Businesses
Did you know? Similar legal challenges during Trump’s presidency in 2018, such as the tariff disputes with China, incited volatility in trade markets but minimally affected cryptocurrency markets.
Ethereum (ETH) is currently valued at $2,729.47 with a market cap of $329.51 billion, showing a 3.73% change over 24 hours according to CoinMarketCap. Despite the slight increase, its price shows consistent upward trends over the past 90 days.
According to the Coincu research team, the ruling against the tariffs could ease financial pressures on import-reliant industries. This regulatory precedent underlines the importance of congressional oversight in trade policy, likely affecting future executive actions in national economic strategies.
