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Trump’s New Tariffs Also Illegal, Says Trade Court

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President Trump’s 10 percent tariffs–instituted to replace his initial slate of tariffs which were struck down by the Supreme Court in February–are also illegal, a federal trade court ruled on Thursday, according to the New York Times. 

Owners of European-bred horses purchased abroad are now in the process of applying for refunds for tariffs paid under the International Emergency Economic Powers Act (IEEPA), as reported by Dan Ross in Thursday’s TDN. It’s too early to say if purchasers of European-breds who have brought them to America at the recent two-year-old sales in Europe will also be eligible for refunds, nor whether buyers at Arqana May will have to pay a tariff on Saturday, now that they have been ruled illegal, but the ruling is almost certain to stimulate American buying abroad. The administration could appeal the verdict, but a final ruling against the tariffs would likely lead to repayments, the Times says.

The ruling is in regard to President Trump’s use of Section 122 of the Trade Act of 1974, which allows the president to levy a tariff of up to 15 percent for 150 days to address `balance of payment’ issues, according to the Times.

States and small businesses sued the administration at the Court of International Trade, where a panel of three judges decided the case, finding that he waged a trade war without the express consent of Congress.

U.S. citizens and businesses paid $166 billion in tariffs before the Supreme Court struck them down in February.

The post Trump’s New Tariffs Also Illegal, Says Trade Court appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Flightline Halter and Secretariat Memorabilia Among R.A.C.E. Fund eBay Offerings

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The R.A.C.E. Fund will kick off its annual online auction Friday, May 8 on eBay (seller name: racefund) at 8 p.m. ET with all proceeds raised used to help Thoroughbreds in need of retirement and rescue from slaughter. In addition to halters and horseshoes worn by champions, a number of items have been donated from the third phase of photographer Christopher Hoff’s private collection.

“We have some very exciting and amazing auction items again this year,” said R.A.C.E. Fund President Marlene Murray. “We would like to especially thank our volunteer Roxanne Campbell for her dedication and tireless efforts as well as Claiborne, Darley, Denali Stud, Gainesway, Lane’s End, Taylor Made, Three Chimneys, and Christopher Hoff for their generous support by donating such valuable items of racing champions to help us raise funds.”

Included among the plethora of offerings are the following:

• Flightline, Knicks Go, and Nyquist halters
• Seize the Grey and War Front shoes
• signed photographs of the late Hall of Fame trainers Woody Stephens and D. Wayne Lukas
• Secretariat’s Time Magazine
• 1973 Secretariat Kentucky Derby program
• 1978 Preakness Stakes (Affirmed and Alydar) program
• 2025 Belmont Stakes program won by Sovereignty and signed by jockeys
• VIP Farm Tour donated by Three Chimneys and Denali Stud

Any questions about the auction or items can be sent to info@racefund.org or by visiting the R.A.C.E. Fund Facebook page. The auction closes May 15.

The R.A.C.E. Fund is a 501(c)(3) non-profit organization established in 2004. For more information, visit racefund.org.

The post Flightline Halter and Secretariat Memorabilia Among R.A.C.E. Fund eBay Offerings appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Trump’s New Tariffs Also Illegal, Says Trade Court

---

President Trump’s 10 percent tariffs–instituted to replace his initial slate of tariffs which were struck down by the Supreme Court in February–are also illegal, a federal trade court ruled on Thursday, according to the New York Times. 

Owners of European-bred horses purchased abroad are now in the process of applying for refunds for tariffs paid under the International Emergency Economic Powers Act (IEEPA), as reported by Dan Ross in Thursday’s TDN. It’s too early to say if purchasers of European-breds who have brought them to America at the recent two-year-old sales in Europe will also be eligible for refunds, nor whether buyers at Arqana May will have to pay a tariff on Saturday, now that they have been ruled illegal, but the ruling is almost certain to stimulate American buying abroad. The administration could appeal the verdict, but a final ruling against the tariffs would likely lead to repayments, the Times says.

The ruling is in regard to President Trump’s use of Section 122 of the Trade Act of 1974, which allows the president to levy a tariff of up to 15 percent for 150 days to address `balance of payment’ issues, according to the Times.

States and small businesses sued the administration at the Court of International Trade, where a panel of three judges decided the case, finding that he waged a trade war without the express consent of Congress.

U.S. citizens and businesses paid $166 billion in tariffs before the Supreme Court struck them down in February.

The post Trump’s New Tariffs Also Illegal, Says Trade Court appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Flightline Halter and Secretariat Memorabilia Among R.A.C.E. Fund eBay Offerings

---

The R.A.C.E. Fund will kick off its annual online auction Friday, May 8 on eBay (seller name: racefund) at 8 p.m. ET with all proceeds raised used to help Thoroughbreds in need of retirement and rescue from slaughter. In addition to halters and horseshoes worn by champions, a number of items have been donated from the third phase of photographer Christopher Hoff’s private collection.

“We have some very exciting and amazing auction items again this year,” said R.A.C.E. Fund President Marlene Murray. “We would like to especially thank our volunteer Roxanne Campbell for her dedication and tireless efforts as well as Claiborne, Darley, Denali Stud, Gainesway, Lane’s End, Taylor Made, Three Chimneys, and Christopher Hoff for their generous support by donating such valuable items of racing champions to help us raise funds.”

Included among the plethora of offerings are the following:

• Flightline, Knicks Go, and Nyquist halters
• Seize the Grey and War Front shoes
• signed photographs of the late Hall of Fame trainers Woody Stephens and D. Wayne Lukas
• Secretariat’s Time Magazine
• 1973 Secretariat Kentucky Derby program
• 1978 Preakness Stakes (Affirmed and Alydar) program
• 2025 Belmont Stakes program won by Sovereignty and signed by jockeys
• VIP Farm Tour donated by Three Chimneys and Denali Stud

Any questions about the auction or items can be sent to info@racefund.org or by visiting the R.A.C.E. Fund Facebook page. The auction closes May 15.

The R.A.C.E. Fund is a 501(c)(3) non-profit organization established in 2004. For more information, visit racefund.org.

The post Flightline Halter and Secretariat Memorabilia Among R.A.C.E. Fund eBay Offerings appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.