- Markets briefly soared after a ruling from the New York–based Court of International Trade struck down many of the Trump administration’s tariffs. On Thursday, a court of appeals granted the administration an emergency stay, allowing tariffs to remain unchanged for now. Still, experts say, in the long term Trump is likely to succeed in implementing tariffs in some way, whether it be by succeeding in court, pushing for a tariff bill in Congress, or adjusting tariffs in line with provisions of the Trade Act of 1974.
After a federal trade court invalidated many of the Trump administration’s tariffs, stocks soared. Yet despite the ruling, experts cautioned the president may have several options available to continue with his tariff plans.
