A federal appeals court has ruled that the majority of the tariffs imposed by President Donald Trump are not legal.
The tariffs remain in effect for now, with the court allowing the administration until Oct. 14 to appeal its decision, Reuters reported. That means the case could soon land in the U.S. Supreme Court.
The appeals court took issue with Trump’s use of the International Emergency Economic Powers Act to justify the tariffs.
“The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax,” the U.S. Court of Appeals for the Federal Circuit in Washington, DC, wrote. The court was divided 7-4 in its decision.
After the decision, Trump wrote on social media: ““All tariffs are still in effect! If these tariffs ever went away, it would a total disaster for our country.”
Honoring a Legacy: How Smith & Son Jewelers Exceeded Every Goal With Wilkerson
When Andrew Smith decided to close the Springfield, Massachusetts location of Smith & Son Jewelers, the decision came down to family. His father was retiring after 72 years in the business, and Andrew wanted to spend more time with his children and soon-to-arrive grandchildren.
For this fourth-generation jeweler whose great-grandfather founded the company in 1918, closing the 107-year-old Springfield location required the right partner. Smith chose Wilkerson, and the experience exceeded expectations from start to finish.
"Everything they told me was 100% true," Smith says. "The ease and use of all their tools was wonderful."
The consultants' knowledge and expertise proved invaluable. Smith and his father set their own financial goal, but Wilkerson proposed three more ambitious targets. "We thought we would never make it," Smith explains. "We were dead wrong. We hit our first goal, second goal and third goal. It was amazing."
Smith's recommendation is emphatic: "I would never be able to do what they did by myself."
