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Trump tariffs stay in place for now, after appellate ruling

Trump unveiled sweeping import duties on nearly all trading partners in April, at a baseline 10 per cent – plus steeper levies on dozens of economies, including China and the EU, which have since been paused.

The US trade court’s Wednesday ruling quashed these blanket duties, alongside those that Trump imposed on Canada, Mexico and China separately using emergency powers.

But it left intact 25 per cent duties on imported autos, steel and aluminium.

Beijing, which was hit by additional 145 per cent tariffs before they were temporarily reduced to make space for negotiations — reacted to the trade court decision by saying Washington should scrap the levies.

“China urges the United States to heed the rational voices from the international community and domestic stakeholders and fully cancel the wrongful unilateral tariff measures,” said commerce ministry spokeswoman He Yongqian.

Asian markets rallied Thursday, US indexes closed higher, while Europe closed slightly down.

Source: CNA

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