People walk past the U.S. Court of International Trade, Watson Courthouse, in lower Manhattan on Thursday. In a ruling that surprised many, the trade court ruled Wednesday in an opinion by a three-judge panel that a 1977 law called the International Emergency Economic Powers Act does not grant Trump "unbounded" authority to impose the worldwide and retaliatory tariffs he has issued by executive order. Then, on Thursday, the U.S. Court of Appeals for the Federal Circuit granted the Trump administration's request to temporarily put on hold the trade court's judgment. (Getty Images)
This article was originally published on May 28, 2025.
