Appeals Court Upholds Trump Tariffs, Market Impact Uncertain
A federal appeals court has temporarily upheld the Trump-era tariffs, suspending a lower court ruling that deemed them unconstitutional. The Court of Appeals for the Federal Circuit’s decision allows the controversial trade measures to remain in place while the government appeals. Businesses continue to bear additional costs on imported goods, with no immediate relief in sight.
The legal battle hinges on presidential authority under the 1977 International Emergency Economic Powers Act. The lower court had ruled that Trump overstepped constitutional bounds by imposing tariffs without congressional approval. This ongoing constitutional clash creates uncertainty for trade-dependent sectors, though its direct impact on cryptocurrency markets remains muted.
