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A federal appeals court said the president overstepped his authority when he imposed sweeping import dutiesDonald Trump suffered the biggest defeat yet to his tariff policies on Friday, as a federal appeals court ruled he had overstepped his presidential powers when he enacted punitive financial measures against almost every country in the world.In a 7-4 ruling, the Washington DC court said that while US law “bestows significant authority on the president to undertake a number of actions in response to a declared national emergency”, none of those actions allow for the imposition of tariffs or taxes. Continue reading...