
Trump’s tariffs can remain in place for now, but appeals court fast tracks a summer resolution
CNN
President Donald Trump’s heftiest tariffs cleared a court hurdle for now, after a federal appeals court ruled Tuesday that they could take effect while legal challenges play out.
President Donald Trump’s heftiest tariffs cleared a court hurdle for now, after a federal appeals court ruled Tuesday that they could take effect while legal challenges play out. But the appeals court put the tariff cases on a fast track for a resolution this summer. The decision came after the Trump administration appealed the Court of International Trade’s ruling finding the president exceeded his authority to impose country-wide tariffs claiming a national emergency. “Both sides have made substantial arguments on the merits. Having considered the traditional stay factors… the court concludes a stay is warranted under the circumstances,” according to the ruling. The stay is pending the course of the appeal, the court wrote, adding that the case will be heard on a sped-up basis by the full panel of judges at the court. “The court also concludes that these cases present issues of exceptional importance warranting expedited en banc consideration of the merits in the first instance,” the order said. A lawyer for the plaintiffs said the decision was “unfortunate” but that the expedited review could hopefully yield a permanent answer soon.

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











