President Donald Trump's unilateral attempt at imposing tariffs has evolved into a quantum state.
You probably already know that Trump has repeatedly threatened, imposed, paused, delayed, raised, lowered, and "chickened out" on various tariff plans. In the past 48 hours, things got even crazier. The Court of International Trade blocked most of Trump's tariffs with an injunction issued Wednesday, but that injunction was temporarily paused by a federal appeals court on Thursday. Meanwhile, a second federal court also ruled Thursday that the tariffs are unlawful.
The tariffs, which constitute one of the largest tax increases in American history, are simultaneously active and unlawful, subject to change at the president's whim, and could be turned off once again within weeks (when the appeals court's temporary stay will be reviewed).
