Trump's 10% global tariff gets temporary reprieve from U.S. court

A U.S. federal appeals court has issued an order that extends the life of former President Donald Trump's 10% global tariff. The tariff, originally slated to expire in late July, will now remain in effect until at least that time, pending the outcome of an appeal.

This ruling comes as a response to an effort by the Trump administration to circumvent a previous court decision that had declared the tariff invalid. The U.S. Court of Appeals for the Federal Circuit has mandated that the collection of these tariffs should continue while the appellate court deliberates on the matter.

The decision means that importers will continue to pay the 10% duty on goods subject to the tariff. This temporary reprieve for the tariff policy highlights the ongoing legal battles surrounding trade regulations and the executive branch's authority to impose such measures.