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Story summary
- Federal Circuit Court of Appeals stayed the ruling on Trump administration’s 10% Section 122 tariff for three importers, while U.S. collected $8 billion in March and 170,000 importers paid deposits for 13 million entries since February.
- Justice Department appealed on May 11 and may seek Court stay, with Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick arguing tariff expires in July unless extended and is vital for negotiations and to curb import spikes.
