Trump’s Tariffs Temporarily Reinstated After Court Reprieve

Legal battle deepens as appeals court grants stay on blocked duties, raising stakes for global trade and tech giants

Trump’s Tariff Agenda Back in Flux

A US federal appeals court has temporarily reinstated many of President Donald Trump’s controversial tariffs, just one day after they were blocked by the US Court of International Trade.

The trade court had ruled that Trump’s use of executive authority to impose sweeping tariffs—especially flat “reciprocal” duties—was unlawful. However, the Court of Appeals for the Federal Circuit granted the administration a temporary administrative stay, allowing the tariffs to remain in place pending further legal review.

Key Tariffs Still Stand—For Now

While the original trade court decision struck down numerous tariffs, some still remain intact, including:

• Duties on steel and aluminium
• Certain China-focused levies
• Tariffs not directly covered by the reciprocal tariff ruling

The White House has until 9 June to submit legal arguments, after which the appeals court will decide whether to uphold or permanently lift the suspension.

Trump Administration Prepares for Supreme Court Fight

White House officials have signalled their readiness to escalate the case to the Supreme Court, framing the legal challenge as a direct threat to the president’s ability to protect national economic interests.

Officials have also hinted that legal setbacks may not stop Trump from pursuing tariffs through alternative executive measures, signalling continued uncertainty for global markets.

Global Trade Talks Continue Amid Legal Uncertainty

Despite the ongoing legal dispute, US trade negotiations are still progressing. A report from the Financial Times revealed that:

• India has offered steep tariff cuts on US goods, while seeking to maintain higher duties on key agricultural products
• EU Trade Commissioner Maros Sefcovic said talks with the US are ongoing around cooperation in semiconductors, aerospace, and steel

These discussions underscore that diplomatic engagement continues, even as the tariff policy itself remains unstable.

Business Concerns Mount Over Tariff Impact

Corporate America is growing increasingly anxious about the implications of Trump’s tariff strategy.

Nvidia CEO Sounds Alarm on Export Controls

Jensen Huang, CEO of Nvidia (NASDAQ: NVDA), confirmed that the chipmaker plans to manufacture AI chips in the US, but warned about the impact of export restrictions to China. These restrictions could undermine Nvidia’s growth in key Asian markets.

Apple Faces Tariff Threat

Trump has also warned that Apple (NASDAQ: AAPL) could face 25% tariffs on iPhones unless it shifts production to the US—adding further pressure on the tech giant as it navigates its global supply chain.

What Happens Next?

• Trump’s tariffs temporarily reinstated by appeals court
• Full legal review pending, with potential Supreme Court showdown
• Key duties on steel, aluminium, and Chinese goods remain active
• India and EU seek negotiated solutions amid trade tensions
• Tech firms on alert as US-China tensions resurface

As legal proceedings play out, businesses, markets, and governments remain on edge, watching how far Trump’s tariff ambitions will go—and how the courts and global trading partners will respond.

Sources: (Yahoo finance, Investing.com)