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Relief for Trump as Appeals Court restores tariffs within 24 hours of block

30 May,2025 12:02 PM IST

A US appeals court has reinstated President Donald Trump’s sweeping tariffs—just one day after a trade court ordered them to be blocked. The decision came from the Court of Appeals for the Federal Circuit in Washington, but the judges gave no explanation for their ruling. White House trade adviser Peter Navarro confirmed that the tariffs will stay in place for now. However, the White House also said that upcoming trade talks with major partners are still on track and won`t be affected. On Wednesday, the court’s earlier decision to block the tariffs briefly gave financial markets a boost. But after Thursday’s reversal, Wall Street was left uncertain again. Analysts say there’s still a lot of confusion about what will happen next with the tariffs. According to a Reuters report, Trump’s tariff policies have already cost businesses over $34 billion—due to lost sales and rising costs.

30 May,2025 12:02 PM IST

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