torsdag 29 maj 2025

Tariff crisis Trump's tariff policy

Court reinstates Trump's trade tariffs

A federal appeals court is reinstating Trump's trade tariffs temporarily while the appeal is ongoing, Reuters reports. The court wrote in a brief decision that it is pausing the lower court's ruling that most of the trade tariffs are illegal until the legal arguments are heard, writes the Wall Street Journal.

The group of companies that have taken the Trump administration to court is asked to submit their arguments by June 5. The Justice Department has until June 9.

A federal trade court ruled overnight Thursday that most of the tariffs imposed on April 2 are illegal.

The White House demanded earlier on Thursday that the tariff freeze be paused while the case is decided and threatened to ask the Supreme Court to intervene otherwise.

Trump adviser: If we lose in court on tariffs, we will find another way

Donald Trump's combative trade adviser Peter Navarro, a strong tariff advocate and the president's right-hand man in the trade war, promises to continue the fight for trade tariffs.

The administration will respond "vigorously" and take the issue "all the way up," he tells reporters outside the White House, according to The Guardian. A loss in court will not mean the end of tariffs, he continues.

- You can assume that if we lose, we will find another way.

Two courts have put a stop to the trade tariffs after several small businesses sued the administration. On Thursday, the appeals court announced that the tariffs will be reinstated until Trump's appeal has been dealt with legally.

Hassett: "A big victory - Trump's case is watertight"

The announcement that the federal appeals court will temporarily reinstate Trump's trade tariffs while the appeal is pending is a "big victory for the president". This is what the White House's national economic adviser Kevin Hassett told Fox News, according to the Financial Times.

- President Trump's case is watertight, he says, adding that the administration's trade team "has its eyes fixed on the horizon".

White House press secretary Karoline Leavitt claimed that the three judges who stopped the tariffs "blatantly abused their legal power".

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