What happens next after Trump tariffs ruled illegal?

The US appeals court has ruled that the majority of former President Trump's tariffs on imports are illegal. This ruling has significant implications for the global trade landscape. The court found that the Trump administration did not adequately justify the imposition of the tariffs, which were implemented under the pretext of national security concerns. The decision opens the door for importers to potentially seek refunds on tariff payments made over the past few years. The ruling is a major setback for the Trump administration's protectionist trade policies and could have far-reaching consequences for the current Biden administration's approach to international trade. It remains to be seen how the government will respond and whether it will appeal the decision. The verdict is a victory for businesses and consumers who have faced the burden of higher prices due to the tariffs. The outcome underscores the importance of following proper procedures and providing adequate justification when imposing trade barriers, as the court has affirmed the need for transparency and accountability in policymaking.
Source: For the complete article, please visit the original source link below.