WASHINGTON: White House trade adviser Peter Navarro said on Thursday (May 29) that the Trump administration will seek to enact tariffs through other means if it ultimately loses the court fights over its trade policy.
Speaking to reporters at the White House, Navarro said that U.S. tariffs would remain in place for now following a court stay and that the administration is still in talks with other countries to continue trade negotiations.
A U.S. appeals court reinstated President Donald Trump's sweeping tariffs on Thursday, leaving Wall Street with no clear direction a day after most of the tariffs were blocked by a trade court, a move that had given markets a brief boost.
Chaotic U.S. trade policy has sent global markets on a roller coaster in recent months. Equity markets were rattled by Trump's April 2 "Liberation Day" tariff announcements, which have since been repeatedly delayed and adjusted.
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Speaking to reporters at the White House, Navarro said that U.S. tariffs would remain in place for now following a court stay and that the administration is still in talks with other countries to continue trade negotiations.
A U.S. appeals court reinstated President Donald Trump's sweeping tariffs on Thursday, leaving Wall Street with no clear direction a day after most of the tariffs were blocked by a trade court, a move that had given markets a brief boost.
Chaotic U.S. trade policy has sent global markets on a roller coaster in recent months. Equity markets were rattled by Trump's April 2 "Liberation Day" tariff announcements, which have since been repeatedly delayed and adjusted.
