(Forbes)—The U.S.’s international trade court declined late Tuesday to immediately block President Donald Trump’s sweeping tariffs—at least for now—marking the first ruling on the president’s controversial tariffs as multiple lawsuits allege Trump exceeded his authority by imposing them.
Key Facts
A panel of judges at the U.S. Court of International Trade ruled not to issue a temporary restraining order against Trump’s tariffs, siding against a coalition of business groups who argued the tariffs should immediately be paused while the litigation gets underway.
Trump has imposed baseline 10% tariffs on most imports from foreign countries, with higher tariffs of at least 145% on many goods from China—which the business groups argued he doesn’t have the legal authority to impose.