Latest / NO FILTER / Appeals court reinstates Trump tariffs during appeal(MP3_160K)

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Appeals court reinstates Trump tariffs during appeal(MP3_160K) · NO FILTER

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  Speaker 1: So Christine, it's a big deal. Yeah, just also a
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  Speaker 1: lot of the chaos that we've been talking about, the
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  Speaker 1: back and forth exactly, and this is exactly what the
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  Speaker 1: White House wanted. What they said this morning they were
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  Speaker 1: going to do. They were going to go to this
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  Speaker 1: DC Appeals Court and they would say, look, we want
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  Speaker 1: you to stay the International Trade Court decision for now
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  Speaker 1: while this moves forward. And the White House had said
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  Speaker 1: they would appeal directly to Supreme Court if they didn't
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  Speaker 1: hear from the appeals court. Now they have heard from
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  Speaker 1: a DC appeals court pausing any tariffs, any tariff changes
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  Speaker 1: while the case is litigated. So not saying that the
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  Speaker 1: President does have the authority to do this, but just
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  Speaker 1: saying that while this plays out, they're going to reinstate
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  Speaker 1: those tariffs. I'll also point out that in this particular
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  Speaker 1: decision here, they're looking to consolidate some of these cases.
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  Speaker 1: There have been multiple cases filed against the president's trade
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  Speaker 1: agenda and his tariffs. In particular, this particular case was
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  Speaker 1: States also some small businesses who had said the President
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  Speaker 1: just lacks the authority in this particular rule that he used.
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  Speaker 1: So do idea how long the appeals process takes here unclear, unclear.
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  Speaker 1: What I think is interesting is you've got another deadline
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  Speaker 1: here July ninth. That's when those original I put it
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  Speaker 1: in air quotes, reciprocal tariffs, when the President stood there
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  Speaker 1: in the Rose Guard with that big chart with all
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  Speaker 1: those numbers that he was going to charge people. Then
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  Speaker 1: he paused some of those and then some went back on.
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  Speaker 1: But July ninth is when there's supposed to be some
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  Speaker 1: clear that those reciprocal tariffs, that's what the International Trade
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  Speaker 1: Court said he did not have the authority to impose.
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  Speaker 1: Now this DC Appeals Court saying, okay, we're going to
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  Speaker 1: pause that International Trade Court decision until this litigate goes
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  Speaker 1: through the appeals process. So we're back to where we
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  Speaker 1: were a day and a half ago. And this is
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  Speaker 1: this is part and parcel, Katie, of the frustration for
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  Speaker 1: businesses and importers, because it just means there's still is
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  Speaker 1: indecision overall about what happens next and what rates tariffs
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  Speaker 1: will be for these different countries in the days and
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  Speaker 1: weeks ahead.