U.S. Tariffs Stay in Place as Appeals Court Puts On Hold Earlier Ruling

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• 00:02

  An appeals court temporarily allows President Trump's tariffs to remain in place.

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  Plus, what yesterday's ruling that voided the tariffs could mean for Trump's trade agenda.

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  What's remarkable about this case is that it really ties in law,

• 00:16

  politics and economics are all here inextricably tied.

• 00:20

  And what the courts do is going to affect the way the markets and the way that trade policy is seen around the world.

• 00:26

  And President Trump tells Fed Chair Jerome Powell he's making a mistake by not lowering interest rates.

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  It's Thursday, May 29th.

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  I'm Alex Osola for The Wall Street Journal.

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  This is the PM edition of What's News,

• 00:38

  the top headlines and business stories that move the world today.

• 00:46

  President Trump's tariffs are to stay in place for now.

• 00:49

  In a brief order this afternoon, the U.S.

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  Court of Appeals for the Federal Circuit said it was pausing yesterday's decision from the Court of International Trade,

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  which, as you heard in this morning's show,

• 00:59

  ruled that President Trump didn't have the authority to impose sweeping tariffs on virtually every nation until it could hear further legal arguments.

• 01:07

  The pause comes as the Trump administration scrambled in search of a stay on the ruling,

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  saying it would take the matter to the Supreme Court before the end of the week

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  if necessary.

• 01:17

  In a briefing at the White House this afternoon,

• 01:19

  Press Secretary Caroline Leavitt said the trade court's ruling was part of a,

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