It will be interesting to see if the administration complies with the ruling.
Even if they do, there is still the customs issue.
It was immediately appealed, and can be appealed all the way to the Supreme Court.
Guess who, theoretically, has the majority of the Supreme Court on his side?
"The trade court, which has nationwide jurisdiction over tariffs and trade disputes, was the first to rule on requests for injunctions after holding hearings in two cases.
Appeals from the court are heard by the U.S. Court of Appeals for the Federal Circuit and ultimately the Supreme Court."
Government's appeal is based upon this argument:
“It is not for the role of the federal trade court to decide whether the President has appropriately used that authority,” Shumate said. Whether a true emergency existed is a political question for the executive and legislative branches to decide. IEEPA includes checks that allow Congress—not a judge—to review the president’s conclusions and actions, he said.
Even if the Supreme Court does not overrule (unlikely), the Administration merely needs to find
another justification, other than IEEPA, for its global tariffs.
"If upheld, the ruling means the Trump administration
must find another justification for its global tariffs. The administration has previously contemplated imposing duties under Section 301 of the Trade Act of 1974, which allows for tariffs that counter unfair foreign trade practices. That is the provision Trump used to underpin his first-term tariffs on China and is considered to be on firmer legal footing than IEEPA.