Court Rules Trump Tariffs Unconstitutional; Lisa Cook Federal Reserve Case Update
CBS NewsSeptember 5, 20252 min62,255 views
10 connections·15 entities in this video→Trump Tariffs Declared Unconstitutional
- ⚖️ A federal appeals court has ruled that most of President Trump's global tariffs are unconstitutional.
- 🚫 The court stated that the International Emergency Economic Powers Act is not the legal basis for these reciprocal tariffs.
- 🏛️ The ruling asserts that imposing tariffs is a congressional power, not an executive one.
- ⏳ The order will be withheld until October 14th, allowing time for an appeal to the US Supreme Court.
Lisa Cook Federal Reserve Case
- 🧑⚖️ A federal judge heard arguments regarding an emergency order to block President Trump from ousting Federal Reserve Governor Lisa Cook.
- 🗓️ The judge requested further written arguments from both sides by next Tuesday before making a decision.
- 📈 The case's outcome could impact control of the Federal Reserve Board of Governors, potentially allowing Trump to appoint a majority and influence interest rate decisions.
- 📉 Trump has repeatedly urged for the ousting of Federal Reserve Chair Jerome Powell, a move advisers have cautioned against due to potential financial market instability.
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What’s Discussed
Trump TariffsUnconstitutional TariffsInternational Emergency Economic Powers ActCongressional PowerUS Supreme CourtLisa CookFederal ReserveInterest RatesJerome PowellFederal Reserve Board of Governors
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