Trump administration asks US court to pause ruling against tariffs

By Dietrich ‌Knauth

NEW YORK, ​May ​11 (Reuters) - President Donald Trump's administration on Monday asked ‌a U.S. court to pause its ⁠ruling against the administration's 10% global ‌tariff while the ‌federal government pursues an appeal.

• The U.S. trade court ruled ​against the new tariffs on May 8, but did not ⁠widely block their collection

• The Trump administration ​appealed on Friday

• If the trade court pauses its ruling, ​tariffs would resume for ‌three importers who sued over the tariffs

• The ⁠10% global tariff was imposed in February, after the U.S. Supreme ⁠Court shot down most of the tariffs ​that Trump imposed in 2025

• The 10% global tariffs are scheduled to expire ‌in July, unless extended by Congress

• The latest ‌global tariffs were imposed under ⁠Section 122 of ‌the Trade ​Act of 1974

(Reporting by Dietrich Knauth; Editing by David ‌Gregorio)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Exclusive-Hungary considers replacing Russia's Rosatom in nuclear project
• Nigeria says private capital to drive next growth phase, petrol subsidy gone
• Brookings paper offers broad plan to shrink Fed balance sheet