A federal trade court has ruled that President Donald Trump overstepped his authority by imposing ‘Liberation Day’ tariffs, effectively blocking the measure. The decision comes as part of a broader legal challenge to the administration’s trade policies, with critics arguing that the tariffs lack constitutional justification. The court’s ruling has significant implications for the future of executive power in trade matters, prompting calls for legislative oversight.
Billionaire Elon Musk, who had previously been involved in several high-profile ventures with the Trump administration, has announced his decision to step down. This move comes amid growing tensions within the administration and reflects the political fallout from Trump’s controversial economic policies. Musk’s departure is seen as a symbolic moment in a shifting political landscape, with implications for both business and politics.
The ruling has sparked a debate on the limits of executive authority in enforcing trade policies. Legal experts are divided on whether the court’s decision sets a precedent for future administrations. Meanwhile, Musk’s exit from the administration has raised questions about the stability of the Trump-led policies and their impact on the business community.