A federal appeals court is allowing Trump’s tariffs to stay in place, issuing a stay of a U.S. court ruling yesterday that blocked several of the tariffs from going into effect. The U.S. Court of International Trade ruled yesterday that he had exceeded his authority in imposing the tariffs on U.S. trading partners.

US stock futures edged lower as Wall Street absorbed a fresh wave of tariff uncertainty after a federal appeals court reinstated President Trump's global tariffs.

The president's signature import taxes win a legal reprieve, as the White House rails against "activist judges".

Federal court determined that President Trump doesn't have the authority to unilaterally impose tariffs, dealing a sweeping blow to his main weapon in his trade war.

Asian shares are trading mostly lower, as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump's sweeping tariffs.

The U.S. Court of Appeals for the Federal Circuit issued the administrative stay of the lower court's ruling while it weighs whether to pause the decision longer.

The administration had made immediate appeals to allow the U.S. to keep imposing stiff levies, and said the Supreme Court needed to intervene.

For decades, Trump has been convinced that trade tariffs are the answer to many of America's economic problems. He has appeared to welcome the prospect of global trade war sparked by his tariff agenda, insisting that it is by raising the price of imported goods and reviving the US manufacturing sector that he will "Make America Great Again".

(Reuters) -President Donald Trump's administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15% for 150 days, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.