U.S. appeals court suspends unfavorable ruling on Trump's 10% global tariff

On May 13, a U.S. appeals court on Tuesday suspended a lower court ruling against the Trump administration's 10% global tariffs imposed under Section 122 of the Trade Act, allowing those tariffs to continue to apply to three importers that were exempted last week. The Trump administration appealed against the U.S. International Trade Court's ruling on Friday that it opposed the new tariffs but did not ban them completely. While the ruling is suspended, the tariffs will be reapplied to the two companies that filed the lawsuit and to Washington state. The U.S. Court of Appeals for the Federal Circuit issued a short-term administrative stay and is considering whether to impose a longer suspension. Washington State is identified as an importer because it pays the relevant tariffs through the University of Washington, a public research institution. Companies and Washington State have seven days to object to the extension of the suspension of their winning ruling. The 10% global tariff was implemented in February this year and will expire in July.