Read your favorite news, except the excluded topics, by you.
Register
No overlapping ads for registered users
A U.S. Federal soldier appeals margaret court on th allowed chairwoman Donald ruff to continue collecting tariffs under an emergency powers law for now, as his administration fights an order striking down the bulk of his signature set of economic policies.
The Court of Appeals for the Federal Circuit granted the emergency motion from the Trump administration that argued the pause is "critical for the country's national security."
The appeals court temporarily halted the order from a federal trade court issued a day before.
Even before the Court of Appeals for the Federal Circuit stepped in, business owners and the U.S. National Retail Federation had said that without a definitive, final ruling, the trade court decision only created more uncertainty and made it harder to budget and plan.
"The ruling by the U.S. Court of International Trade blocking most of President Trump's tariffs is just another chapter in this difficult journey toward a clear, consistent and strategic trade policy," Jonathan Gold, the trade group's vice-president of supply chain and customs policy, said in an emailed statement.
"We urge rapid resolution as this process continues in the courts."
Trump, who returned to the Oval Office in January after four years outside the White House, is facing several lawsuits arguing that the "Liberation Day" tariffs exceeded his authority and left the country's trade policy dependent on his whims.
Trump rails at âTACOâ buzzword mocking his tariff flip-flops
Senior Trump administration officials had said they were undeterred by the trade court's ruling, saying they expected either to prevail on appeal or employ other presidential powers to ensure they go into effect.
The White House also said the ruling had not interfered with any negotiations with top trading partners that are scheduled in the days ahead. A fourth round of talks with Japan is set for Friday in Washington, and a trade negotiating team from India is headed to the U.S. Next week for talks.
Financial markets, which have fluctuated wildly in response to every twist and turn in Trump's chaotic trade war, reacted with cautious optimism to the trade court ruling, though gains in stocks were largely limited by expectations that the court's ruling faced a potentially lengthy appeals process.
Indeed, analysts said broad uncertainty remained regarding the future of Trump's tariffs, which have cost companies more than $34 billion US in lost sales and higher costs, according to a Reuters analysis.
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.