Amid tariff issue in the US, a federal appeals court on Thursday allowed US President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration appeals an order striking down the bulk of his signature set of economic policies.
The appeals court temporarily halted the order from a federal trade court issued a day before.
Trump is facing several lawsuits arguing his “Liberation Day” tariffs exceeded his authority and left the country's trade policy dependent on his whims.
A three-judge panel of the US Court of International Trade ruled Wednesday that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and plaster taxes – tariffs – on imports from almost every country in the world.
The ruling was a big setback for Trump, whose erratic trade policies have rocked financial markets, paralysed businesses with uncertainty and raised fears of higher prices and slower economic growth.
(With inputs from AP)
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