The latest development in the ongoing saga surrounding President Trump’s “Liberation Day” tariffs involves an unlikely party: a small, family-run wine importer.
On Wednesday, a unanimous three-judge panel of the U.S. Court of International Trade (CIT) issued a significant ruling in the case of “VOS Selections, Inc, v. Trump”, declaring Trump’s tariffs to be unlawful. The CIT’s decision upheld that the International Emergency Economic Powers Act (IEEPA) does not give the President unlimited unilateral authority to impose these measures, effectively blocking the tariffs that Trump put in place.
