A federal appeals court reinstated President Donald Trump’s sweeping “Liberation Day” tariffs on Thursday.
The appeals court granted the Trump administration’s request for a temporary stay of a lower court’s order freezing tariff increases across dozens of countries. The Thursday decision puts back in place a key component of the president’s economic agenda.
“The request for an immediate administrative stay is granted to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice while this court considers the motions papers,” the appeals court said in its opinion.
On Wednesday, the New York-based Court of International Trade ruled that the president had overstepped his authority in issuing the sweeping new tariff regime, abusing emergency powers and stepping on…
