The U.S. Court of Appeals declared Trump’s tariffs unlawful but left them in place until October 14 to allow for a potential appeal to the Supreme Court.
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Trump tariffs
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Oil prices declined amid U.S. tariff threats, despite strong gasoline demand in the U.S. and signs of stable global consumption.
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The U.S. Court of Appeals has reinstated Trump-era tariffs, reversing a lower court decision and reopening debate on executive authority and trade policy.
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The U.S. economy shrank by 0.3% in Q1 2025 due to new Trump tariffs, raising fears of recession and global slowdown.