This decision is being hailed all over the World by every Country, other than the United States of America. If allowed to stand, this would completely destroy Presidential Power — The Presidency would never be the same! The harshest financial ruling ever leveled on us as a Sovereign Nation.
President Donald Trump
Even if we lose, we will do it another way.
Peter Navarro
Trump trade advisor
America cannot function when diplomatic or trade negotiations are railroaded by activist judges.
Karoline Leavitt
White House spokesperson
Key Facts
- A federal trade court panel invalidated all of Trump's reciprocal tariffs citing lack of presidential authority under the International Emergency Economic Powers Act.
- News of the court blocking most of Trump's tariffs initially boosted stock markets, with futures attached to Dow Jones, S&P 500, and Nasdaq 100 showing mixed but positive reactions.
- The Trump administration requested and was granted a temporary pause by a federal appeals court on the lower-court ruling, allowing tariffs to be reinstated temporarily.
- The appeals court's pause reinstated Trump's tariffs temporarily, causing Asian stock markets to fall with notable drops in Nikkei, Hang Seng, SSE Composite, and Kospi indices.
- The Trump administration plans to file briefings by June 9 and is prepared to take the case to the Supreme Court if necessary, while exploring other ways to implement tariffs without relying on emergency powers.
- White House officials and Trump himself expressed strong opposition to the lower court ruling, vowing to pursue other means to enforce tariffs beyond the current legal framework.
Key Stats at a Glance
Nikkei index drop
1.1%
Hang Seng index drop
1.5%
SSE Composite index drop
0.3%
Kospi index drop
0.9%
Dow Jones Industrial Average futures change
0.1%

S&P 500 futures change
0.2%

Deadline for Trump administration briefings
June 9
