A US federal appeals court questioned President Trump's use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs. Trump argues IEEPA justifies tariffs due to trade imbalances and other threats, while opponents, including several states and businesses, contend that the Constitution grants tariff authority to Congress. The court's decision, expected soon, will likely be appealed to the Supreme Court. The case impacts existing tariffs and the latest round announced Thursday, central to Trump's economic strategy.
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