A federal appeals court has permitted the government to maintain President Trump's import taxes while legal challenges to his trade policies are in progress. This decision follows a lower court ruling that declared the tariffs unlawful, claiming Trump overstepped his authority. The tariffs, including a 10% charge on nearly all imports and additional tariffs aimed at specific countries, significantly disrupted global trade and elicited concerns in financial markets. The court plans to expedite the case, with hearings scheduled for July 31.
The U.S. Court of Appeals for the Federal Circuit decided to allow the government to continue collecting President Trump's import taxes as legal challenges proceed.
The case addresses 10% tariffs imposed by Trump, impacting various countries and specifically targeting imports from China, Canada, and Mexico.
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