A federal appeals court lifted the first of two rulings blocking President Trump’s tariffs on Thursday, handing him a temporary win after a lower court rejected the administration’s legal defense hours earlier.
Many of Trump’s tariffs remain blocked under a separate ruling issued by a federal judge in Washington, D.C., though that judge gave the administration two weeks to appeal before it goes into effect.
But the new ruling by the U.S. Court of Appeals for the Federal Circuit lifts the initial block imposed Wednesday evening by a New York-based court that handles trade cases.
“The judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice while this court considers the motions papers,” the new order reads.
The appeals bench also set a briefing schedule through June 9 for the parties to lay out their arguments. The court will then rule whether to grant a longer pause.
Trump has sought to impose tariffs on almost all U.S. trading partners since taking office, creating whiplash in financial markets as he repeatedly delayed or adjusted the announcements.
Stocks opened higher Thursday in the wake of the tariffs being blocked and Nvidia reporting better-than-expected revenue.
