US appeals court reinstates Trump’s tariffs

News Snapshot:

An appeals court Thursday allowed US President Donald Trump’s April 2 tariffs on countries to remain in place for now, till the White House’s appeal against the US trade court ruling of Wednesday makes its way through the courts. The trade court blocked Trump’s global tariffs, saying the president had overstepped his authority and hence tariffs are ‘illegal’. In its order, the appeals court said: “The request for an immediate administrative stay is granted to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice...