A federal appeals court temporarily paused a lower court ruling that had declared President Donald Trump’s 10% global tariffs unlawful, allowing the tariffs to remain in effect while the administration appeals the decision. The order from the US Court of Appeals for the Federal Circuit keeps levies imposed under Section 122 of the Trade Act of 1974 in place for now as briefing proceeds in the case.
- The appeals court issued an administrative stay and set an expedited briefing schedule for both sides.
- The earlier ruling from the US Court of International Trade found Trump’s Section 122 tariffs invalid.
- Importers will continue paying the 10% tariffs while the appeal is ongoing.
- The Justice Department argued lifting the tariffs immediately would disrupt trade negotiations and trigger a wave of refund litigation.
- The lawsuits were brought by small businesses and Democratic-led states, including Washington state and Oregon.
Relevant Companies
- Walmart ($WMT) - Large importer exposed to higher costs from broad-based global tariffs.
- Target ($TGT) - Retail supply chains could continue facing elevated import expenses while tariffs remain active.
- Apple ($AAPL) - Consumer electronics imports may remain subject to tariff-related cost pressures.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
