A U.S. federal appeals court has allowed President Trump to continue collecting tariffs, citing national security concerns, as his administration appeals a lower court's ruling against his trade policies. The emergency stay pauses an order that struck down parts of Trump's tariffs, amid ongoing pressures and lawsuits claiming they exceed his authority. Despite this, senior officials remain confident about prevailing on appeal or using other presidential powers. Market responses to the ruling were cautiously optimistic, as upcoming trade negotiations with Japan and India continue to unfold.
Trump is facing several lawsuits arguing that the "Liberation Day" tariffs exceeded his authority and left the country's trade policy dependent on his whims.
The appeals court temporarily halted the order from a federal trade court issued a day before. Trump is facing several lawsuits arguing that the "Liberation Day" tariffs exceeded his authority.
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