Economic Sanctions

A U.S. appeals court has temporarily stayed a decision by the U.S. Court of International Trade (CIT) that declared former President Donald Trump’s sweeping “Liberation Day” tariffs unconstitutional. On May 29, 2025, the three-judge panel of the Federal Circuit granted the federal government’s request for an immediate pause, allowing the contested duties to remain in effect while the case moves through the appellate process .

In a stunning reversal that has sent shockwaves through global financial markets, US President Donald Trump announced a pause to the sweeping global tariffs he imposed just a week ago — except for China, where tariffs have been raised even higher. This latest development comes amid conflicting messages from the White House and senior officials, leaving world leaders and investors scrambling to make sense of what happens next.