Trade War Nears Endgame Court Losses

Trump’s Trade War Nears End as Courts Rule Against Tariffs

• The international trade court ruled against Trump tariffs on May 28th.
• DC District Court Judge Contreras declared the tariffs illegal on May 29th.
• The Federal Court of Appeals issued an administrative stay, reinstating tariffs until June 9th.
• Goldman Sachs notes multiple measures for re-implementing tariffs remain available to the White House.

Recent court rulings against Trump’s tariffs suggest diminishing White House leverage in the trade war, according to Fundstrat’s Tom Lee. Despite a temporary reinstatement by the Federal Court of Appeals, these legal setbacks indicate a potential endgame for the tariff conflict.