Just over 24 hours after the judgment of the United States International Court of Trade Commerce which suspended almost all of the executive orders of President Trump in the field of duties, a federal appeal court accepted the appeal presented by the White House.
It is appropriate to say it, it is true “chaos duties” in the United States. Just over 24 hours after the judgment of the United States International Court of Commerce which suspended almost all of the executive orders of President Trump on duties, one Federal Court appeal He accepted the appeal presented by the White House.
In short, all the duties imposed by the American administration have returned to forceboth those relating to the “liberation day” of April 2 and those previously imposed in China, Mexico and Canada.
The judgment of the Court of International Trade has been suspended, and the duties remain in force. The Trump administration had, however, already informed that it would have requested an “urgent intervention” to the Supreme Court Already tomorrow in the event that the sentence had not been quickly suspended. There was no need.
The Federal Court of Appeal has made it known that the aforementioned sentence “It is temporarily suspended to new notice, while this Court examines the documents relating to the motion». The White House also made it known that the sentence had not interfered with the negotiations with the main commercial partners scheduled in the next few days.
On the negotiation front, the fourth round of interviews with Japan in Washington is scheduled for Friday 30 May, while a group of Indian commercial negotiators will go to the United States next week. Analysts underline that a strong uncertainty persists on the future of Trump’s duties, which, according to an analysis of the Reutersmore than 34 billion dollars would have already cost companies between missed sales and increased costs.
The financial markets, after having swing abruptly in response to the turns of the Trump commercial war, had accepted the sentence of the commercial court with prudent optimism that suspended the duties. However, the earnings of the titles were contained by the expectations of a potential and prolonged appeal process. Instead, another abrupt implication, with the immediate reintroduction of the duties.
