Court halts order declaring new Trump tariffs unlawful for now

A federal appeals court has temporarily halted a lower court's order that declared President Trump's new tariffs unlawful. This decision means the tariffs will remain in effect while the appellate court considers whether to extend the pause. The original lower court ruling would have neutralized the tariffs and stopped their collection. The case centers on whether the president has the statutory authority to impose tariffs unilaterally, or if that power resides with Congress, which the Constitution grants the power to regulate foreign commerce. The appeals court's intervention provides short-term stability for markets and investors who have already adjusted to the tariffs. For crypto markets, the impact is indirect, as tariffs can influence inflation expectations, monetary policy, and the attractiveness of risk assets. Investors are advised to monitor the appeals court's next decision on granting a longer, formal stay, as a denial could pose an existential threat to the tariffs.

(Source：Crypto Briefing)