SummaryTrump administration has said it will appeal court ruling Second federal court blocks some levies Markets see modest gains in response Analysts say even a pause provides valuable time 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...