The battle over President Donald Trump’s “Liberation Day” tariffs took a dramatic turn Thursday, as a federal appeals court issued an emergency stay reinstating the tariffs. This came just one day after the U.S. Court of International Trade ruled the tariffs illegal and blocked their enforcement. The quick reversal allows the Trump administration’s trade policy to move forward while the legal battle continues.
A federal court has blocked the majority of President Donald Trump's "Liberation Day" tariffs, ruling that he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
President Donald Trump’s bold tariff strategy is shifting the global trade landscape. Over 75 countries are now actively pursuing negotiations with the United States—many of which had previously refused to engage.
President Donald Trump will unveil a sweeping tariff plan on Wednesday, April 2, 2025, during a Rose Garden event marking what he has called "Liberation Day." The announcement is expected to introduce reciprocal tariffs aimed at countering foreign trade practices that have harmed American industries for decades.
