Appeals court reinstates Trump tariffs, markets tumble again

Appeals court reinstates Trump tariffs, markets tumble again originally appeared on TheStreet .

An appeals court has temporarily reinstated President Donald Trump’s controversial reciprocal tariffs, pausing a lower court order that had struck them down earlier this month. The decision gives the Trump administration more time to appeal while allowing the tariffs to stay in effect during the legal process.

The U.S. Court of International Trade had initially ruled against the tariffs, calling them unlawful under existing trade law. But the administration argued it could reimpose the duties using executive authority under Section 301 of the Trade Act of 1974 — the same legal basis used for tariffs during Trump’s first term.

Goldman Sachs earlier said the White House was likely to seek alternative legal channels to revive the tariffs, including Section 122, which allows temporary levies on countries with large trade surpluses with the U.S.

Crypto markets showed reaction to the news. At the time of writing, Bitcoin was trading at $106,138, down 1.4%. Ethereum hovered near $2,649, while XRP held below $2.27. Analysts noted that markets had largely priced in a policy-driven push for tariffs and were waiting for further developments.

This is a developing story.

Appeals court reinstates Trump tariffs, markets tumble again first appeared on TheStreet on May 29, 2025

This story was originally reported by TheStreet on May 29, 2025, where it first appeared.