What happens to Trump’s tariffs now that a court has knocked them down?

Why is Trump doubling steel tariffs to 50%? How will Nippon Steel’s US deal impact steel prices? What caused S&P 500’s best month since 1990? How did Jamie Dimon warn about bond market cracks? Why is China accused of violating US trade deals? What drives the shift in US housing market balance? How will Trump tariffs affect retail prices?

What happens to Trump’s tariffs now that a court has knocked them down?

chicagotribune.com/2025/05/29/trump-tariffs-legal-explainer

WASHINGTON — President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products.
Now a federal court has thrown a roadblock in his path.
A three-judge panel of the U.S. Court of International Trade ruled Wednesday…

This story appeared on chicagotribune.com, 2025-05-29 21:27:28.