Posted on 05/29/2025 11:21:17 AM PDT by E. Pluribus Unum
Summary
May 29 (Reuters) - Senior Trump administration officials on Thursday downplayed the impact of a U.S. trade court ruling that blocked the most sweeping of President Donald Trump's tariffs, expressing confidence it would be overturned on appeal and insisting there are other legal avenues to employ in the interim.
Financial markets, which have whipsawed wildly in response to every twist and turn in Trump's chaotic trade war, reacted with cautious optimism on Thursday, a day after the U.S. Court of International Trade ruled that Trump overstepped his authority in imposing punitive tariffs on virtually every country in the world.
But analysts said broad uncertainty remained regarding the future of Trump's tariffs, which have cost companies more than $34 billion in lost sales and high costs, according to a Reuters analysis.
Meanwhile, a second U.S. court issued a preliminary ruling against the tariffs on Thursday, temporarily blocking them from going into effect in a case brought by educational toy maker Learning Resources.
U.S. District Court Judge Rudy Contreras issued a narrower decision that did not block the tariffs completely, but he stopped the tariffs from being levied on the toy company and ruled that its challenge could remain in his Washington, D.C. federal court.
The administration immediately asked an appeals court to stay Wednesday's trade court ruling and allow the tariff regime to remain in place. Trump has put tariffs at the center of his effort to extract concessions from U.S. trading partners, including traditional allies such as the European Union.
hite House economic adviser Kevin Hassett expressed confidence that the ruling would ultimately be reversed...
(Excerpt) Read more at reuters.com ...
Judges shouldn’t be appealed they should be thrown in jail for mounting a coup.
Judges shouldn’t be appealed “
It would be different if it was a fair SC at the end of the appeal road but 6 of the 9 SC Justices hate Trump so when they side with the hacks Trump is stuck because he went that route.
Reuters should be rotters.
BREAKING: US Appeals Court reinstates President Trump’s reciprocal tariffs.
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