Appeals court says U.S. government can keep collecting 10% tariffs for now

A federal appeals court ruled the U.S. can keep collecting the 10% worldwide tariffs for now, saying the administration is likely to win as the legal fight continues.
The levies were imposed under a rarely used law (Section 122) meant for “international payments problems,” with the administration arguing it covers trade deficits; the tariffs are temporary and set to expire July 24 unless extended.
Small businesses successfully challenged the tariffs in a lower court, and the dispute — which could reach the Supreme Court — is still unresolved.