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Appeals Court Restores Trump’s Global 10% Tariffs

The ruling sets a one-week window for challengers to test the reach of a 1974 trade law.

Overview

  • A U.S. appeals court temporarily put the worldwide 10% tariff back in force for the plaintiffs in the case.
  • The order pauses last week’s trade court ruling that found the 1974 statute did not authorize the blanket duties.
  • Two companies and Washington state must resume paying the tariff, which raises their import costs right away.
  • The court gave the challengers seven days to seek further relief before it rules on a longer stay.
  • The tariffs are set to lapse in July unless Congress extends them, leaving importers unsure how to price and plan contracts.