In a recent LawFlash, a team of Morgan Lewis lawyers discussed the US Court of International Trade and the US District Court for the District of Columbia’s ruling that invalidated President Donald Trump’s actions imposing tariffs pursuant to the International Emergency Economic Powers Act of 1977, and the temporary, administrative stay granted by the US Court of Appeals for the Federal Circuit while it considers whether to stay the orders during the pendency of the government’s appeal of the ruling. These recent events demonstrate the continued uncertainty businesses and consumers face in light of this economic policy.
Unless and until the courts deny the government’s motion to stay, the tariffs remain in place, and there are other tariff actions that are not affected by the ongoing litigation and remain in effect.
Together with our colleagues on our global trade team, Tech & Sourcing @ Morgan Lewis will continue to monitor the changing tariff landscape, its potential impact on investment in offshore services, and any new contract negotiation trends that arise in response to tariffs.