A Federal Judge of Washington, DC, stated on Thursday with a toy company in the Chicago area, blocking five executive orders signed by President Donald Trump who imposed tariffs on Chinese imports.
The Judge of the North -American District, Rudolph Contreras, determined that the Law on International Economic Economic Powers (IEEEPA) does not authorize Trump to impose the rates on his executive orders.
Contreras granted a motion for a preliminary order, presented by the toy company, Learning Resources, Inc., which will remain for 14 days in the event that the administration decides to appeal the decision.
President Donald Trump defended his tariff policy on Sunday in an interview with NBC News, saying that he would contact the CEOs such as Jeff Bezos if he has disagreements for his response to rates or other problems. (NBC News)
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Trump announced his reciprocal rate plan for the “liberation day” on April 2, imposing an initial rate of 10% in all countries.
In certain countries, hostile negotiations led to even higher taxes, with taxes on Chinese imports reaching 145%.
Traders work on the New York Stock Exchange (NYSE) on March 28, 2025 in New York City. As the growing trade war of President Trump and the new signs of reinvigorated inflation investors, the Dow Jones industrial average (DJI) dropped more than 700 points or almost 1.7%. (Spencer Platt/Getty Images)
Rick Woldenberg, CEO of Learning Resources, said that in April the third -generation family business that had been manufacturing in China for four decades would face an increase of almost 98% on its fare bill.
He said that the $ 2.3 million that the company paid by 2024 would increase to $ 100.2 million by 2025.
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“I would like to have $ 100 million,” Woldenberg wrote in a statement. “Honest for God, without exaggeration: feels like the end of the days.”
China produces 97% of babies imported from America, 96% of its artificial flowers and umbrellas, 95% of their fireworks, 93% of their children’s dyes books and 90% of their combs, according to a report by the Macquarie Investment Bank.
Treasure Secretary, Scott Bessent, is seen before a meeting with Chinese officials on Rates in Geneva on May 10, 2025. (Fabrice Coffrini/AFP using Getty’s pictures)
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On Wednesday, the United States International Court of Commerce ruled that the administration surpassed its authority over the rates below IEEEPA.
“The Constitution assigns Congress the exclusive powers to” collect and collect taxes, duties, taxes and excises “, and” regulate trade with foreign nations, “the court wrote in its opinion. Almost all countries in the world. “
Three judges, appointed by the former presidents Ronald Reagan, Barack Obama and Trump, found that IEPA did not “confer such an authority without limits”.
President Donald Trump maintains a graph, as he presents observations on reciprocal rates during an event in the Roses Garden entitled Make America Wealthy again at Washington’s White House, DC, on April 2, 2025. Trump was focused on revealing new rates in a movement that threatens to light a devastating global war. (Brendan Smialowski/AFP through Getty Images)
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The Trump administration appealed to the United States Supreme Court, but it is unclear which goods will be subject to rates, in the meantime, Reuters reported.
“The non -recoccrocal treatment of foreign countries in the United States has fueled the historical and persistent trade deficits of the United States,” said White House spokesman Kush Desai, told Fox Business after the decision. “These deficits have created a national emergency that has decimated the North -American communities, has left our workers behind and weakened our industrial defense base: facts that the court did not dispute.”
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“It is not convenient for the non -selected judges to decide how to properly address a national emergency,” he added. “President Trump promised to put America first and the administration undertakes to use all the executive levers to address this crisis and to restore north -American greatness.”
Greg Wehner and Fox Business Bill Business contributed to this report.
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