CNBC reports:
A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs.
The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday if the tariff ruling was not quickly put on pause.
The judgment issued Wednesday night by the U.S. Court of International Trade is “temporarily stayed until further notice while this court considers the motions papers,” the appeals court said in its order.
Read the full article.
BREAKING: A federal appeals court reinstated the most sweeping of President Trump’s tariffs, a day after a trade court had ruled he exceeded his authority in imposing the duties and had ordered an immediate block on them https://t.co/jgbL4f2hDz pic.twitter.com/OESmcBYqOv
— Reuters (@Reuters) May 29, 2025