Appeals Court Extends Pause on Nullifying Trump’s Tariffs, Impacting Trade Relations

The US Court of Appeals in Washington D.C. has extended the suspension of a lower court ruling that sought to nullify former President Trump''s tariffs on Chinese goods. The appellate court emphasized the need for further review, leaving the controversial duties on China, Canada, and Mexico intact for now.

Legal challenges mounted by small businesses and several states questioned the administration''s use of emergency powers to impose these trade measures. While the Court of International Trade initially sided with plaintiffs in May, the swift appeal by Trump''s team has prolonged the uncertainty.

The expedited review schedule suggests heightened judicial recognition of the case''s significance. Market analysts note such trade tensions historically create volatility in risk assets, though cryptocurrencies have shown mixed reactions to geopolitical trade developments.