What happened

The federal U.S. Court of International Trade Wednesday struck down President Donald Trump 's sweeping tariffs against other countries. The bipartisan three-judge panel unanimously invalidated Trump's fentanyl-related and "Liberation Day" tariffs, and any other import taxes based on the International Emergency Economic Powers Act of 1977. His tariffs on steel, aluminum, cars and other specific industries, levied under a different law, are not affected by the ruling.

Who said what

The 1977 law "does not authorize the president to impose unbounded tariffs," the court said, and Trump's import taxes "exceed any authority granted" him by the law. The judges also agreed with the two sets of plaintiffs — a group of small businesses and 12 states — that trade deficits do not con

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