Hyundai Motors considers raising prices across the board in the U.S. market to cope with tariff shocks

On May 29, local time, the U.S. Federal Court of Appeals approved the Trump administration's request to temporarily suspend a lower court's ruling to prohibit the implementation of multiple U.S. government tariff executive orders.

Previously, the U.S. court ruled to prohibit the implementation of multiple government tariff executive orders

On the 28th, the U.S. International Trade Court in New York ruled that the U.S. government's executive order to impose tariffs on multiple countries under the International Emergency Economic Powers Act was an act of overstepping authority and was illegal, and the relevant executive orders were prohibited from being implemented.

The U.S. International Trade Court ruled that the U.S. president had no right to impose comprehensive tariffs on almost all trading partners; the U.S. Congress's granting of "unrestricted tariff powers" to the president violated the Constitution. Congress set authority in the International Emergency Economic Powers Act to limit when and how the president should impose tariffs. The ruling gives the U.S. government 10 days to complete the process of stopping the imposition of tariffs.

Bloomberg reported that the ruling was one of the biggest judicial setbacks the Trump administration has suffered during its current term. The Associated Press believes that this ruling is tantamount to a complete denial of the legal basis for some of Trump's signature and most controversial actions during his second term.