The Federal Court Reverses Itself: A Shocking Turnaround In a dramatic reversal, a federal appeals court has temporarily stayed the injunction that had blocked President Trump’s tariffs on a wide range of goods. Less than 24 hours after the Court of International Trade in New York declared Trump had exceeded his authority under the International Emergency Economic Powers Act of 1977 (IEEPA), the appeals court reinstated the tariffs—setting the stage for renewed trade battles and heightened tensions. One judge abstained from participating, and the court’s statement was terse but powerful: the stay is in effect until further notice. This means Trump’s tariffs—30% on Chinese goods, 25% on selected imports from Mexico and Canada, and 10% universal tariffs—are back in force…
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