President Donald Trump has suffered a significant loss in a federal court of appeals over his power to impose unilateral tariffs .

On Friday, the U.S. Court of Appeals for the Federal Circuit, in a 127-page opinion , ruled the president does not have the power to impose tariffs under the International Emergency Economic Powers Act (IEEPA).

"[I]n each statute delegating tariff power to the President, Congress has provided specific substantive limitations and procedural guidelines to be followed in imposing any such tariffs," the majority opinion reads. "It seems unlikely that Congress intended, in enacting IEEPA, to depart from its past practice and grant the President unlimited authority to impose tariffs. The statute neither mentions tariffs (or any of its synonyms) nor has procedural s

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