An appeals court has put a temporary hold on a ruling earlier this week that voided tariffs enacted by the Trump administration. The administrative stay pauses a decision from the U.S. Court of International Trade while the ruling is under appeal.
According to reporting in The Wall Street Journal:
“The Federal Circuit, an intermediate appeals court in Washington, D.C., signaled it was prepared to move swiftly on the case, as the Trump administration had urged it to do. It asked a group of companies that challenged the tariffs to file a brief before June 5 laying out their arguments and directed the Justice Department to reply by June 9. The order indicates the appeal will be heard by the full court, with 11 active judges participating.”
The reporting added:
“The administration’s urgency underscores the stakes in the legal battle over tariffs for Trump’s sweeping trade agenda. Since taking office, the president has wielded tariffs as leverage in hopes of bolstering the U.S. economy and manufacturing base, bringing other countries to the table to negotiate more favorable trade deals and pursuing other national-security policies.”
Some marine-industry companies, including Warbird Holdings, which builds Invincible Boats and Yellowfin Yachts hulls and decks in Mexico, have avoided tariffs, while others are scrambling to deal with the on-and-off nature of Trump’s trade war.
