President Trump has several tools at his disposal that he can use to impose tariffs despite a court ruling that ordered the reversal of his hefty “Liberation Day” taxes, two major Wall Street banks said on Thursday.
The US Court of International Trade on Wednesday blocked many of Trump’s steepest levies, arguing federal law does not grant him “unbounded authority” to tax imports from nations around the world.
His administration immediately filed to appeal the decision, which halts 6.7 percentage points of levies.
“The tariff levels that we had yesterday are probably going to be the tariff levels that we have tomorrow, because there are so many different authorities the administration can reach into to put it back together,” Michael Zezas, Morgan Stanley’s global head of fixed income and thematic research, told Bloomberg TV on Thursday.
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Source: https://nypost.com/2025/05/29/business/trump-can-impose-tariffs-despite-court-ruling-heres-how/
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