• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Federal judge blocks 5 Trump tariff executive orders

by May 29, 2025
written by May 29, 2025

A federal judge in Washington, D.C., sided with a Chicago-area toy company on Thursday, blocking five executive orders signed by President Donald Trump that imposed tariffs on Chinese imports.

U.S. District Judge Rudolph Contreras determined the International Economic Emergency Economic Powers Act (IEEPA) does not authorize Trump to impose the tariffs in his executive orders.

Contreras granted a motion for a preliminary injunction, filed by the toy company, Learning Resources, Inc., which will be stayed for 14 days in case the administration decides to appeal the decision.

Trump announced his ‘Liberation Day’ reciprocal tariff plan on April 2, imposing a 10% baseline tariff on all countries.

In certain countries, hostile negotiations led to even higher levies, with taxes on Chinese imports reaching 145%.

Rick Woldenberg, CEO of Learning Resources, said in April the third-generation family business that had been manufacturing in China for four decades would face an almost 98% increase in its tariff bill.

He said the $2.3 million the company paid in 2024 would jump to $100.2 million in 2025. 

‘I wish I had $100 million,’ Woldenberg wrote in a statement. ‘Honest to God, no exaggeration: It feels like the end of days.’

China produces 97% of America’s imported baby carriages, 96% of its artificial flowers and umbrellas, 95% of its fireworks, 93% of its children’s coloring books and 90% of its combs, according to a report from the Macquarie investment bank.

On Wednesday, the U.S. Court of International Trade ruled the administration overstepped its authority over tariffs under IEEPA.

‘The Constitution assigns Congress the exclusive powers to ‘lay and collect Taxes, Duties, Imposts and Excises,’ and to ‘regulate Commerce with foreign Nations,’’ the court wrote in its opinion. ‘The question in the two cases before the court is whether the International Emergency Economic Powers Act of 1977 (‘IEEPA’) delegates these powers to the President in the form of authority to impose unlimited tariffs on goods from nearly every country in the world.’

Three judges, appointed by former Presidents Ronald Reagan, Barack Obama, and Trump, found IEEPA did not ‘confer such unbounded authority.’

The Trump administration appealed the decision to the U.S. Supreme Court, but it is unclear what goods will be subject to tariffs in the meantime, Reuters reported.

‘Foreign countries’ nonreciprocal treatment of the United States has fueled America’s historic and persistent trade deficits,’ White House spokesperson Kush Desai told FOX Business after the decision. ‘These deficits have created a national emergency that has decimated American communities, left our workers behind, and weakened our defense industrial base — facts that the court did not dispute.’ 

‘It is not for unelected judges to decide how to properly address a national emergency,’ Desai added. ‘President Trump pledged to put America First, and the Administration is committed to using every lever of executive power to address this crisis and restore American Greatness.’

FOX Business’ Greg Wehner and Bill Mears, and Reuters contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
White House discloses who will lead DOGE efforts after Musk’s departure
next post
Senate Republicans plan hearing on Biden’s alleged cognitive decline cover-up

related articles

171 million travelers face airport delays as Democrats’...

March 11, 2026

FDA launches new AI-powered system to track drug...

March 11, 2026

DAVID MARCUS: Sen Thune has no idea how...

March 11, 2026

Cornyn reverses on filibuster stance to push Trump’s...

March 11, 2026

Trump touts 5-0 sweep by endorsed candidates in...

March 11, 2026

House GOP urges Trump to choke off Iran...

March 11, 2026

US destroys 16 Iranian mine boats as Strait...

March 11, 2026

From Biden’s ‘war’ on gas prices to ‘small...

March 11, 2026

US diplomatic facility in Iraq struck by drone

March 11, 2026

Trump pick pulls nomination due to lack of...

March 11, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Rosie O’Donnell’s Trump obsession continues unabated from Ireland as friends beg her to ‘disconnect’

    December 7, 2025
  • Johnson to sidestep GOP rebels on government funding, seek Dem support to avoid shutdown

    September 24, 2024
  • Jill Biden ‘work husband’ pleads Fifth Amendment, dodges House GOP cover-up probe questions

    July 16, 2025
  • Hawley urges DHS Secretary Noem to declassify all Trump Butler rally assassination attempt documents

    July 15, 2025
  • Trump and Melania to headline power-player packed Kennedy Center opening night

    June 3, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,170)
  • Stock (981)

Latest Posts

  • Jane Fonda says Harris-Walz ticket is ‘only hope’ to beat ‘orange man’ in campaign call with climate activists

    August 16, 2024
  • Walz in 2010 said plan to curb Social Security, increase retirement age was ‘very similar’ to his approach

    August 8, 2024
  • Russia to ‘interrogate’ two suspects in attempted assassination of top military general

    February 7, 2026

Recent Posts

  • NYCB Stock Slumps: Regulatory Woes and Uncertain Recovery

    August 27, 2024
  • UK’s Crown Estate clears offshore wind expansion to raise energy output

    May 9, 2025
  • Ripple and Tron: Tron under pressure is going to a new low

    July 23, 2024

Editor’s Pick

  • Trump to get annual physical, saying he ‘never felt better’

    April 11, 2025
  • Trump support among young Black and Latino men spikes in new poll

    October 24, 2024
  • Tulsi Gabbard confirmation vote kicks off Wednesday morning after snowstorm thwarts midnight session

    February 12, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock