economy
Appeals court allows Trump to collect 10% global tariffs for now
A federal appeals court is allowing President Donald Trump to collect his temporary 10% global tariffs for now while the legal challenges against the trade levies proceed through the judicial system.
TL;DR
- A federal appeals court has allowed President Trump to continue collecting temporary 10% global tariffs.
- The ruling by the U.S. Court of Appeals for the Federal Circuit suggests the administration's case is likely to succeed.
- The tariffs, permitted under Section 122 of the Trade Act of 1974, are set to expire on July 24.
- A lower court had previously blocked the tariffs against small businesses, citing a lack of legal standing.
- This decision follows the Supreme Court's earlier invalidation of tariffs enacted under the International Emergency Economic Powers Act.