Appeals Court Reinstates Trump Tariffs After Goldman Says Court Block Is A Nothingburger

Update 3:15pm: A federal appeals court temporarily paused a ruling against President Donald Trump’s global tariffs while weighing a longer lasting hold. 

A brief order granting the stay was issued Thursday by the US Court of Appeals for the Federal Circuit. In its decision, the U.S. Court of Appeals for the Federal Circuit granted the government’s request for an immediate administrative stay of the U.S. Court of International Trade, saying it is “temporarily stayed until further notice while this court considers the motions papers.”

On Wednesday, the trade court ruled that Trump had exceeded his authority by issuing sweeping tariffs under an emergency-powers law, siding with plaintiffs in a lawsuit filed against the administration.