FX.co ★ Trump Pushes Ahead with Trade Talks Despite Tariff Ruling

The Trump administration continues to advance trade negotiations despite a ruling from a U.S. appeals court that has largely declared President Trump's tariffs as unlawful. On Sunday, U.S. Trade Representative Jamieson Greer emphasized that "our trading partners... continue to work very closely with us," and stated that progress in agreements is ongoing "regardless of what this court may say in the interim." The Federal Circuit Court’s decision, passed by a 7–4 vote, determined that while emergency powers were granted to the president by Congress, they did not "explicitly include the power to impose tariffs, duties, or similar measures, or the power to tax." This ruling impacts reciprocal tariffs enacted in April and those targeting China, Canada, and Mexico in February, while excluding tariffs implemented under different legal authorities. President Trump criticized the ruling and announced plans to appeal to the Supreme Court. Until October 14, the tariffs will remain effective. Trade experts note that the administration had anticipated this ruling and is preparing contingency plans.