US tariffs temporarily reinstated
A day after a court ruled Donald Trump did not have the authority to impose his global tariffs, an appeals court has allowed the regime to continue.
Trump announced global tariffs in early April, which were then paused for 90 days. Last week, he proposed a higher tariff on the European Union (EU).
On 29 May, the US Court of International Trade (CIT) ruled that the tariffs were introduced unlawfully and ordered a permanent injunction within 10 calendar days.
The Trump administration immediately filed an appeal with the Federal Circuit. The appeal asked the court to stay the judgment, describing it as “rife with legal error” and claiming it “upends president Trump’s efforts to eliminate our exploding trade deficit and reorient the global economy on an equal footing.”
It continued: “The political branches, not courts, make foreign policy and chart economic policy, yet the injunction injects the CIT into the center of our nation’s foreign policy and disables the president from using a critical tool that Congress authorised him to wield, in the middle of time-sensitive negotiations with multiple foreign countries over future trade agreements.”
The Federal Circuit has now ruled to temporarily freeze the court order until the case is litigated.
Following the ruling, Trump posted on Truth Social: “The US Court of International Trade incredibly ruled against the United States of America on desperately needed tariffs but, fortunately, the full 11-judge panel on the US Court of Appeals for the Federal Circuit Court has just stayed the order by the Manhattan-based Court of International Trade.
“Where do these initial three judges come from? How is it possible for them to have potentially done such damage to the United States of America? Is it purely a hatred of Trump? What other reason could it be?”
He continued: “It is only because of my successful use of tariffs that many trillions of dollars have already begun pouring into the USA from other countries – money that, without these tariffs, we would not be able to get. It is the difference between having a rich, prosperous, and successful United States of America, and quite the opposite.
“The ruling by the US Court of International Trade is so wrong, and so political! Hopefully, the Supreme Court will reverse this horrible, country-threatening decision, QUICKLY and DECISIVELY.”
We recently spoke to distillers across the US to find out how tariff uncertainty is affecting their businesses.
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