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US trade court blocks tariffs in major setback for Trump
Free Malaysia Today
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5/29/2025
The president’s global trade war has roiled financial markets with a stop-start rollout of levies.
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https://www.freemalaysiatoday.com/category/highlight/2025/05/29/us-trade-court-blocks-tariffs-in-major-setback-for-trump
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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Transcript
Display full video transcript
00:01
A US federal court blocked most of Donald Trump's sweeping import tariffs from going
00:06
into effect, ruling that the president had overstepped his authority with the across-the-board
00:11
global levies.
00:13
The decision deals a major blow to Trump's efforts to reshape the US's trading relationship
00:18
with the world by forcing governments to the negotiating table through tough new tariffs.
00:24
Trump's global trade war has roiled financial markets with a stop-start rollout of levies
00:29
aimed at penalizing countries with large trade surpluses with the US.
00:34
Trump argued that the resulting trade deficits and the threat posed by the influx of drugs
00:39
constituted a national emergency that justified widespread tariffs.
00:44
However, the three-judge Court of International Trade effectively called a ceasefire barring
00:50
most of the restrictions that the president has announced.
00:54
On April 2nd, Trump unveiled sweeping import duties on most trading partners at a baseline
00:59
1.10%, with steeper levies on dozens of economies, including China and the European Union.
01:06
The ruling also quashes duties that Trump imposed on Canada, Mexico and China separately using
01:11
emergency powers.
01:12
Natasha Bust, FMT.
01:16
Afghanistan and India demant Analysis.
01:21
2.
01:22
A
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1:01
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