Legal Whiplash: Trump's Tariffs Temporarily Reinstated Amid Ongoing Court Battles

Legal Whiplash: Trump's Tariffs Temporarily Reinstated Amid Ongoing Court Battles

Just a day after the U.S. Court of International Trade ruled that President Trump's "Liberation Day" tariffs exceeded executive authority under the International Emergency Economic Powers Act (IEEPA), a federal appeals court has temporarily reinstated these tariffs pending further review.

Key Points:

• Initial Ruling: On May 28, the Court of International Trade determined that the tariffs imposed under IEEPA were unlawful, emphasizing that only Congress holds the power to regulate foreign commerce.

• Appeals Court Response: On May 29, the U.S. Court of Appeals for the Federal Circuit granted an emergency stay, allowing the tariffs to remain in effect while the case proceeds. The court has given plaintiffs until June 5 to respond.

Implications for Global Trade:

This back-and-forth in the courts introduces significant uncertainty for businesses engaged in international trade. Companies must navigate fluctuating tariffs, which can impact supply chains, pricing strategies, and market stability.

Staying Informed:

In such a volatile trade environment, real-time risk intelligence is crucial. Tools like Supply Wisdom offer continuous monitoring of geopolitical, compliance, and operational risks, enabling businesses to make informed decisions and adapt swiftly to policy changes. 

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