Trump, Tariffs and steel
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Appeals court reinstates Trump's tariffs for now
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They include the "fentanyl tariffs" that Trump imposed at the outset of his second term, the "reciprocal" tariffs he announced on April 9 (which so far have extended only to China) and the de minimis tariffs on low-cost imports from China.
The federal Court of International Trade ruled Wednesday that Trump exceeded his authority in imposing broad tariffs on goods imported from around the world, once again throwing the future of U.S. trade into uncertainty.
The Administration has filed an appeal after it was dealt a major blow that would invalidate most of its global tariffs.
The U.S. Court of International Trade blocked a large portion of the tariffs enacted by President Donald Trump. However, import taxes on a few sectors remain in place.
The judges have given the Trump administration 10 days to reverse course. But they aren't going anywhere just yet.
If tariff news has you spooked, these are the tricks I can currently recommend to help you track the prices that matter the most to you.
An appeals court temporarily paused the decision of a lower court to halt Trump’s tariffs. President Donald Trump’s tariffs can continue for now, after an appeals court granted the administration’s request to temporarily stay a lower court’s order.
Trump can still keep his trade war going and send market volatility soaring even if his agenda hits legal roadblocks, market experts said.
Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation.
Americans watching the turmoil with tariffs have begun pulling back on spending, as President Donald Trump’s trade war continues to stir up economic uncertainty.