24/7 Business Reporter
SEE OTHER BRANDS

Bringing you the latest news on business and economy

Court Temporarily Reinstates Trump’s Tariffs

(MENAFN) A U.S. federal appellate court has provisionally restored Leader Donald Trump's worldwide tariffs, reversing an earlier judgment that had blocked the levies and determined the administration had acted beyond its legal bounds.

On Thursday, the U.S. Court of Appeals for the Federal Circuit issued an immediate administrative suspension, temporarily lifting the permanent injunctions that were ordered just one day earlier by the U.S. Court of International Trade.

As a result, the tariffs will stay in effect until at least June 9.

"The plaintiffs-appellees are directed to respond to the United States's motions for a stay no later than June 5, 2025," the appellate court announced.

"The United States may file a single, consolidated reply in support no later than June 9, 2025."

The international trade tribunal had determined on Wednesday that Trump had exceeded his authority under the International Emergency Economic Powers Act (IEEPA).

The ruling argued that the administration had bypassed legislative oversight by using emergency economic powers to enforce the tariffs.

MENAFN01062025000045017167ID1109620964


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service