President Trump has maintained that any erosion in his ability to impose levies using the International Emergency Economic Powers Act will inflict damage on the United States by robbing it of both revenue and leverage.
The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.
President Trump’s pledge to pursue investments in major companies underscored a tectonic and potentially risky shift in the relationship between government and private enterprise.