President Donald Trump's efforts to impose tariffs on imports from foreign governments hit a massive stumbling block in the form of a federal appeals court decision on Friday.

The 7-4 ruling of the Court of Appeals for the Federal Circuit found that the president exceeded his authority when he cited a 1977 emergency powers act to implement many of his tariffs. If upheld, tens of billions of dollars in tariff revenue would have to be returned.

'None of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax.'

The ruling will not take effect until Oct. 14 to allow the administration to appeal the decision to the U.S. Supreme Court.

"The statute bestows significant authority on the president to undertake a number of actions in response to

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