U.S. appeals court temporarily allows President Trump's 10% tariffs under Section 122
CNBC Television·2026-05-12 19:10
An appeals court has [music] ruled that President Trump's Section 122 10% across-the-board tariffs are allowed to remain in place for now while an appeals case is ongoing. So, you'll remember the Court of International Trade ruled last week uh that these Section 122 tariffs were unlawful. They issued an injunction just for the plaintiffs in the case.It was a narrow ruling saying the tariffs had to be paused and refunded for two small companies as well as the state of Washington. The Trump administration app ...