The decision against Trump tariffs is the victory of the legislative branch

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Good morning. Many months of work, many opposed the presidential tariffs, because many believe that one person could donate the global economy and tough trading deals with an estimated trade.

The President, 1977 (IEEEPA) justified the sweeper commands by the International Extraordinary Economic Forces Law (IEEEEEPER) and the national emergency. But on Wednesday, the United States International Tradition Court administered unanimously This IEEPERA did not give such an authority, invalid Trump’s “Freedom Day” tariffs and tariffs related to Fentanyl in Canada, Mexico and China.

In many ways, this is the victory of the government’s legislation, and establishing restrictions on the accumulation of the congress tariffs and the executive branch. The court himself was established in 1980 with the Congress Act and follows the root of the tariff in 1789.

This decision for existing trade talks and recent deals will be done. However, US futures markets reacted positively on Tuesday The investor is having fuel One trade war can be avoided. (A separate note, elon musk Announced on Wednesday He left Washington, who graduated from another act of the Executive Power, gave a leadership powers that critics were illegal.)

Now, of course, tariffs drama, the president’s lawyers, the president’s lawyers complained about the decision of the court. As a result, the presidential powers and IEEEEPA can be decided by the Supreme Court, a clarity, the establishment of an emergency order. Meanwhile, a little-known body operating from the lower manhattan reminded the rest of the world the rule and division of authority.

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Contact CEO every day through Diane Brady diane.brady@fortune.com

This story was first displayed Fortune.com

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