Overview
- The White House filed an appeal after Thursday's Court of International Trade ruling invalidated the 10% tariff on all imports.
- Judges said Trade Act Section 122 permits only short, temporary tariffs to fix a severe balance-of-payments crisis.
- They found the trade and current-account deficits the administration cited did not meet that legal threshold.
- The court ordered refunds and paused collection for the named companies, a narrow remedy that invites more firms to sue.
- Importers have begun receiving refunds with interest, with roughly $166 billion in collections now in play.