US appeal court allows Donald Trump’s tariffs to stay in effect
A US federal appeal court has temporarily halted a lower-court ruling against President Donald Trump’s “Liberation Day” reciprocal tariffs, as well as a separate set of fentanyl-related levies on China, Mexico, and Canada.
“The request for an immediate administrative stay is granted to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice while this court considers the motions papers,” the US Court of Appeals for the Federal Circuit in Washington said in its order on Thursday afternoon.
The decision means Trump’s reciprocal tariffs on all trading partners, announced in April under emergency powers, can take effect on July 7. A 10 per cent universal tariff will remain in place – along with an additional 20 per cent tariff on China, Canada, and Mexico – to force action from those countries on fentanyl production and trafficking.
The appeal court’s move came just hours after the New York-based Court of International Trade blocked the tariffs, ruling that Trump had overstepped his authority in using emergency powers to impose import duties.
More to follow...