A US court has blocked Trump’s tariffs. What does that mean for China?
The court order is a setback for US President Donald Trump’s agenda, but is unlikely to stop his tariff roll-out for long, analysts said
A US court order blocking President Donald Trump’s “Liberation Day” tariffs marks a setback for the US leader, but is unlikely to provide China and other American trading partners with more than a temporary reprieve, analysts said.
The Trump administration has already filed an appeal to stop the tariff block with a Federal Circuit court, and even if that effort fails he could potentially reinstate the tariffs using other methods, they added.
Twelve US states and five American businesses filed lawsuits to block the executive actions, which were used to raise duties on Chinese goods by an eye-watering 145 percentage points after a series of tit-for-tat exchanges with Beijing.
Wednesday’s ruling gives the US administration 10 days to quit collecting tariffs, though it does allow for refunds on duties already collected.