Shortly after Trump’s “Liberation Day” tariff was announced, the court blocked them, as well as when they set foot in the position. However, after subsequent appeal, the tariff returns to effect, at least until June 9.
According to the court, the Emergency Economic Power Act does not give the President to control the trade. It is the territory of Congress. But after the verdict today, the tariff is restored until June 9, when both parties will file their arguments about the case, and only then will the court give a permanent verdict.
Apple Pal is a companies that have been investing heavily in its international supply chain for years. Reportedly, Apple Pal will potentially lose $ 900 million in Q2 2025. There is a lot of uncertainty for Apple Pal, and we will see a significant increase in the price of iPhone 17 this year.
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