Tariffs have given the Federal Government influence to obtain economic concessions from its commercial partners, but have also increased the volatility of financial markets.
The decision of the United States Court of Appeals for the Federal Circuit in Washington, DC, addressed the legality of what Trump calls “reciprocal” tariffs imposed as part of its commercial war in April, as well as a separate set of tariffs imposed in February against China, Canada and Mexico.
The Court’s decision does not affect tariffs issued under another legal authority, such as steel and aluminum imports.
The court allowed tariffs to remain in force until October 14 to give the Federal Government the opportunity to present an appeal before the Supreme Court.
Trump responded by saying that the sentence was incorrect and that all tariffs were maintained.
“All tariffs remain in force! Today, a highly partisan appeal court has erroneously declared that our tariffs should be eliminated, but they know that the United States will win at the end,” Trump said in a publication in Truth Social.
