'Unlawful' US tariffs reinstated as China talks freeze

China trade talks 'a bit stalled'

Patrick Brusnahan
clock • 1 min read

US President Donald Trump’s tariffs have been temporarily reinstated by a federal appeals court a day after they were deemed “unlawful”.

The United States Court of Appeals for the Federal Circuit blocked the decision on Thursday (29 May) and gave the plaintiffs until 5 June to respond. Tesla shares surge after Musk steps down from Trump administration Peter Navarro, an adviser to Trump, said in a press conference the tariffs "remain in place" and the tariff agenda is "alive and well". When asked if there was a ‘plan B', he stated: "There is no plan B, it is plan A, and it encompasses all strategic options." In a post on his social media platform Truth Social, Trump said: "The ruling by the US Court of Internation...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: US equites open steady as Treasury yields spike and oil wavers

Market Movers blog: US equites open steady as Treasury yields spike and oil wavers

Latest news and analysis

Investment Week
clock 24 June 2025 • 1 min read
Oil price dives as Israel-Iran 'ceasefire' rumours emerge

Oil price dives as Israel-Iran 'ceasefire' rumours emerge

Largest price falls since 2022

Patrick Brusnahan
clock 24 June 2025 • 1 min read
Canaccord Wealth's Harry Schofield: Trump versus Musk – and other break ups that moved the market

Canaccord Wealth's Harry Schofield: Trump versus Musk – and other break ups that moved the market

Big consequences

Harry Schofield
clock 24 June 2025 • 5 min read
Trustpilot