US Judiciary Shakes Up Trade: Trump Tariffs Canceled Amid Global Economic Ripples
In a landmark ruling, a U.S. court struck a major blow to one of the key pillars
of Trump’s economic policy by canceling the sweeping tariffs and declaring them illegal.

Contents

United States

Toyota

United States

U.S. Court Delivers Blow to Trump: Sweeping Tariffs Canceled and Deemed Illegal
In a significant legal development, the U.S. Court of International Trade in Manhattan has overturned the sweeping tariffs imposed by former President Donald Trump, labeling them “illegal”—a move seen as a major blow to one of the central tenets of his economic agenda.

The ruling, issued early Thursday morning by a panel of three judges, marks a clear victory for Democrat-led states and a coalition of small businesses that filed the lawsuit. The complaint argued that Trump had improperly invoked emergency powers to justify the tariffs.
However, his administration still retains the right to appeal the decision in federal court.

This judgment stands as one of the harshest legal and political defeats Trump has faced since taking office,
amid a surge in lawsuits challenging his executive orders.
Global markets had experienced sharp turbulence when the tariffs were first announced in April, leading to the loss of trillions in market value before partially recovering once the tariffs were suspended and trade negotiations began.

The court’s reasoning highlighted that the Emergency Economic Powers Act does not grant the president authority to impose such comprehensive tariffs, effectively invalidating measures that fueled one of the most intense trade wars in recent years.

Toyota

It Shines: Sales and Production Surge Globally on Hybrid Demand Boom
Toyota Motor Corporation announced continued growth in global production and sales for the fourth consecutive month in April,
supported by strong demand for hybrid vehicles and increased consumer activity in the United States amid tariff concerns.

The company’s total sales—including the Lexus brand—rose by 10% to 876,864 units,
with hybrid vehicles accounting for around 44% of total sales in the first four months of 2025.

Toyota also recorded an 8% increase in production,
reaching 814,787 vehicles, driven by expanded manufacturing in Japan, North and South America, and China.
Total group production—including Daihatsu and Hino—climbed to 902,425 units,
while sales hit 936,718 vehicles, reflecting a 12% year-over-year increase.

US Judiciary Shakes Up Trade: Trump Tariffs Canceled

US Judiciary Shakes Up Trade: Trump Tariffs Canceled

Related Topics