The Trump team followed their legal due diligence in several aspects of the tariff/trade deficit reset strategy, and it did not appear the New York trade court looked at any of the supportive material from the USTR and the Dept of Commerce.
Today, a full panel of U.S. Court of Appeals for the Federal Circuit granted a “stay” and paused the lower court ruling pending full appeal outcome and possible Supreme Court intervention. [Ruling pdf Here]
The President Trump trade tariffs remain in place, and the ridiculous court-ordered refunding of previously collected tariffs is set aside.
The court is suspending the lower court decision until the appeals motions are filed and reviewed. The multinational corporations have until June 5th to file their responses to the appeal, and the Trump administration has until June 9th to file their full appeal brief.
For now, at least, the tariffs remain in place as they were before the trade court intervention.
Captain Convey Tariff Comment
For those of you who live in Reo Linda, as Rush Limbaugh use to say,
A court “stay” is not a poker term.
Your not in a poker game folding or leaving the game are you?