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Trump’s Emergency Tariff Tactic Backfires; Could It Collapse His Trade War Strategy?
Trump’s emergency tariff tactic, based on the International Emergency Economic Powers Act (IEEPA), faces major legal challenges. A federal court ruled that trade deficits don’t qualify as an emergency, undermining Trump’s strategy. With the tariffs still temporarily in place, businesses face rising costs, legal uncertainty, and global trade tensions. The situation could reshape U.S. trade policy and impact everyday consumers. Stay informed and proactive.