INTERNACIONAL
Trump tariff plan faces uncertain future as court battles intensify
A federal appeals court paused a lower ruling blocking President Donald Trump’s sweeping tariffs, siding with the administration Thursday in a legal fight over the White House’s use of an emergency law to enact punishing import taxes.
The back-and-forth injected more volatility into markets this week after several weeks of relative calm, and court observers and economists told Fox News Digital they do not expect the dust to settle any time soon.
Here’s what to know as this litigation continues to play out.
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President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden in Washington, D.C., April 2, 2025. (AFP via Getty Images)
What’s happening now?
The U.S. Court of Appeals for the Federal Circuit temporarily stayed a lower court ruling Thursday that blocked two of Trump’s sweeping tariffs from taking force.
The ruling paused a decision by the U.S. Court of International Trade (CIT) allowing Trump to continue to enact the 10% baseline tariff and the so-called «reciprocal tariffs» that he announced April 2 under the International Emergency Economic Powers Act, or IEEPA.
It came one day after the U.S. Court of International Trade ruled unanimously to block the tariffs.
Members of the three-judge panel who were appointed by Trump, former President Barack Obama and former President Ronald Reagan, ruled unanimously that Trump had overstepped his authority under IEEPA. They noted that, as commander in chief, Trump does not have «unbounded authority» to impose tariffs under the emergency law.
Now, lawyers for the Trump administration and the plaintiffs are tasked with complying with a fast schedule with deadlines in both courts. Plaintiffs have until 5 p.m. Monday to file their response to the Court of International Trade, according to Jeffrey Schwab, senior counsel and director of litigation of the Liberty Justice Center, which represents five small businesses that sued the administration.
A Fox News graphic shows how countries have responded to President Donald Trump’s tariffs. (Fox News; Mandel Ngan/AFP via Getty Images)
The Court of Appeals for the Federal Circuit gave plaintiffs until Thursday to file a response to the stay and the Trump administration until June 9 to file a reply, Schwab told Fox News Digital in an interview.
The goal is to move expeditiously, and lawyers for the plaintiffs told Fox News they plan to file briefs to both courts before the deadlines to mitigate harm to their clients.
«Hopefully,» Schwab said, the quick action will allow the courts to issue rulings «more quickly than they otherwise would.»
What’s at stake?
The Trump administration praised the stay as a victory.
The appellate court stay on the CIT ruling «is a positive development for America’s industries and workers,» White House spokesman Kush Desai said in a statement.
«The Trump administration remains committed to addressing our country’s national emergencies of drug trafficking and historic trade deficits with every legal authority conferred to the president in the Constitution and by Congress.»
But some economists warned that continuing to pursue the steep tariffs could backfire.
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Traders work on the floor of the New York Stock Exchange March 28, 2025, in New York City. (Spencer Platt/Getty Images)
The bottom line for the Trump administration «is that they need to get back to a place [where] they are using these huge reciprocal tariffs and all of that as a negotiating tactic,» William Cline, an economist and senior fellow emeritus at the Peterson Institute for International Economics, said in an interview.
Cline noted that this had been the framework laid out earlier by Treasury Secretary Scott Bessent, who had embraced the tariffs as more of an opening salvo for future trade talks, including between the U.S. and China.
«I think the thing to keep in mind there is that Trump and Vance have this view that tariffs are beautiful because they will restore America’s Rust Belt jobs and that they’ll collect money while they’re doing it, which will contribute to fiscal growth,» said Cline, the former deputy managing director and chief economist of the Institute of International Finance.
«Those are both fantasies.»
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What happens now?
Plaintiffs and the Trump administration wait. But whether that wait is a good or bad thing depends on who is asked.
Economists noted that the longer the court process takes, the more uncertainty is injected into markets. This could slow economic growth and hurt consumers.
For the U.S. small business owners that have sued Trump over the tariffs, it could risk potentially irreparable harm.
«Some of the harm has already taken place. And the longer it goes on, the worse it is,» said Schwab.
A woman under a purple umbrella walks past the Supreme Court Feb. 28, 2024, in Washington. (AP Photo/Jacquelyn Martin)
The White House said it will take its tariff fight to the Supreme Court if necessary. But it’s unclear if the high court would choose to take up the case.
The challenge comes at a time when Trump’s relationship with the judiciary has come under increasing strain, which could make the high court wary to take on such a politically charged case.
Lawyers for the plaintiffs described the case as «very likely» to be appealed to the Supreme Court, but it’s unclear whether it will move to review it.
«It’s possible that because the case is before the Federal Circuit Court of Appeals, which essentially applies to the country, unlike specific appellate courts, which have certain districts, that the Supreme Court might be OK with whatever the Federal Circuit decides and then not take the case,» Schwab said.
For now, the burden of proof shifts to the government, which must convince the court it will suffer «irreparable harm» if the injunction remains in place, a high legal standard the Trump administration must meet.
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Beyond that, Schwab said, the court will weigh a balancing test. If both sides claim irreparable harm, the justices will ask, «Who is irreparably harmed more?
«And I think it’s fair to say that our clients are going to be more irreparably harmed than the United States federal government. Because our clients might not exist, and the United States federal government is certainly going to exist.»
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INTERNACIONAL
How did Jeffrey Epstein get rich? Meet Les Wexner, the ex-Victoria’s Secret CEO who once worked with him
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An 88-year-old billionaire businessman and former Victoria’s Secret chief is the latest person to fall within the House Oversight Committee’s investigative crosshairs in the Jeffrey Epstein case, as he is scheduled to appear before the panel in Ohio on Wednesday morning.
The crimes of the late accused sex trafficker Epstein are well-known, having gained new media attention in recent months after Congress forced the Department of Justice (DOJ) to disclose millions of pages of documents.
But less is known about the figures who operated within Epstein’s orbit and how they helped him get the vast international sphere of influence he enjoyed before finding himself in a Manhattan jail awaiting trial, where he killed himself in 2019.
Les Wexner, founder of L Brands, the former chief of Victoria’s Secret, is one of those figures, having been named a co-conspirator of Epstein in a recently uncovered FBI document from 2019.
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Leslie Wexner, former CEO of Victoria’s Secret and other fashion brands, is named numerous times in the DOJ files on Jeffrey Epstein. (Astrid Stawiarz/Getty Images for Fragrance Foundation; Kevin Mazur/Getty Images for Victoria’s Secret; Neil Rasmus/Patrick McMullan via Getty Images)
Wexner is the founder of L Brands, formerly known as The Limited, which included Victoria’s Secret, Bath & Body Works, and Pink. He also helped found Abercrombie & Fitch, a clothing brand that was once popular among teens in the U.S.
Wexner has never been charged with crimes related to the late financier, and a spokesperson for the mogul told Fox News Digital that the «Assistant U.S. Attorney told Mr. Wexner’s legal counsel in 2019 that Mr. Wexner was neither a co-conspirator nor target in any respect.»
But documents released by the DOJ allege that Wexner was one of the key players in how Epstein built his wealth and later ran his illicit empire.
One file from 2013 that appears to have been in the possession of the Southern District of New York (SDNY) titled «Jeffrey Epstein Source of Wealth,» said Wexner «became a well-known client» of Epstein’s financial management firm in 1987.
At the time, Wexner was identified as the founder and chairman of the Ohio-based women’s clothing brand The Limited.
«Since all but one of his financial clients are anonymous, it has been speculated that much of Epstein’s lavish lifestyle was once financed by Wexner,» reads the document, which appears to be an email. Wexner’s spokesperson declined to comment on the allegations.
That paper also noted that Wexner sold his massive Manhattan townhouse — reported to be the largest private residence in the New York City borough — to Epstein.
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A 2019 FBI witness statement from a man who purported to be Wexner’s bodyguard from 1991 to 1992 said Wexner «sold his mansion in New York to Epstein for $20.»
The same witness statement alleged that «Epstein got all of his money from Wexner.»
A 1998 document obtained by Fox News Digital, however, shows Wexner sold his home to Epstein for a $20 million price tag. Half was paid via cashier’s check, while the other half was covered by a promissory note, the record shows.
Epstein’s Manhattan mansion was raided by the FBI in July 2019 as part of the federal sex trafficking investigation. There, law enforcement officials found vast troves of evidence, including photos of partially or fully nude women and girls, including ones who appeared to be minors.
A residence belonging to Jeffrey Epstein at East 71st Street is seen on the Upper East Side of Manhattan on July 8, 2019, in New York City. (Kevin Hagen/Getty Images)
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The DOJ’s unsealed indictment against Epstein also said it was one of the places where he «enticed and recruited, and caused to be enticed and recruited, dozens of minor girls… to engage in sex acts with him, after which he would give the victims hundreds of dollars in cash.»
Wexner reportedly bought the mansion in 1989 for $13.2 million before selling it to a corporation partially controlled by Epstein for an «undisclosed amount,» according to Business Insider. It was then reportedly transferred to a U.S. Virgin Islands-based company controlled by Epstein for $0 in 2011.
The home was reportedly valued at $77 million at the time of the raid, making it a massive portion of Epstein’s wealth.
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A heavily redacted email chain from July 2025 that appears to show witness statement summaries, with the subject line, «RE: Epstein – Cellmate Interview,» also said, «Steve Scully stated Wexner was #1 on Epstein’s speed dial.»
Steve Scully appears to be a reference to a former IT contractor who lived and worked on Epstein’s private island of Little St. James from 1999 through 2005. Wexner’s spokesperson declined to comment on Scully’s claim.
Wexner even signed a document in 1991 giving Epstein vast control over his finances via power of attorney, according to the New York Times. That document gave Epstein the power to sign checks, borrow money, and buy or sell real estate on Wexner’s behalf, the report said.
House Oversight Committee Chairman James Comer, R-Ky., speaks to reporters after a closed-door deposition with Ghislaine Maxwell, the former girlfriend and confidante of accused sex trafficker Jeffrey Epstein, at the Capitol in Washington, Feb. 9, 2026. (J. Scott Applewhite/AP Photo)
A letter Wexner wrote to his nonprofit, the Wexner Foundation, in August 2019 said that while he did give power of attorney to Epstein, their relationship ended soon after the 2007 federal investigation first began into the late financier in Florida.
«[B]y early fall 2007, it was agreed that he should step back from the management of our personal finances. In that process, we discovered that he had misappropriated vast sums of money from me and my family. This was, frankly, a tremendous shock, even though it clearly pales in comparison to the unthinkable allegations against him now,» the letter said.
«With his credibility and our trust in him destroyed, we immediately severed ties with him. We were able to recover some of the funds. The widely reported payments Mr. Epstein made to the charitable fund represented a portion of the returned monies. All of that money — every dollar of it — was originally Wexner family money.»
But other documents released by the DOJ allege that Epstein and Wexner’s relationship went further than financial management.
An FBI witness statement by Robert Morosky, a former executive for Wexner’s fashion brand, said, «He had information regarding the use of ‘Limited’ brand aircraft used in the 1990s to transport young girls from Mexico to the U.S.»
«Morosky did not wish to give any additional information at that time; however if someone would like to pursue this information he could be reached on his personal cellular phone,’» the statement said.
It’s unclear if the lead was ever pursued, but a spokesperson for Wexner told Fox News Digital, «The allegation is false. Mr. Morosky was terminated from the company in 1987 and therefore in no position to know anything about the use of Limited planes in the 1990s.»
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A witness statement from 2020, with the identity of the female witness redacted, said she claimed to have «often» seen Epstein and Wexner together.
She «stated that often Wexner would have models who could not have been over 18 years old do private viewings for him and Epstein. She said the models would be wearing [swimsuits] and some were in lingerie,» the document read.
Wexner’s spokesperson declined to comment on those claims and called her account of seeing the pair together «vague.»
Attorney General Pam Bondi conducts a news conference at the Department of Justice on December 4, 2025. (Tom Williams/CQ Roll Call, Inc. via Getty Images)
The female witness said she «would help with getting people to work at parties at Wexner’s compound in catering and other positions,» and that «anyone who went to work there had to have a full background check and there were certain areas of the house where they could not go without an approved escort.»
However, there was no indication of what years or period of time her claims are focused on.
A source with knowledge of company procedures argued the situation could not have happened, however. Model fittings always involved teams of 15 to 20 professionals and Epstein was never a part of that, the source maintained.
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Wexner is scheduled to appear before the House Oversight Committee in Ohio on Wednesday morning.
Fox News Digital reached out to Wexner’s attorney for comment on the deposition and on the aforementioned claims.
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The Vatican will not join President Donald Trump’s newly formed Board of Peace, its top diplomatic official said Tuesday, signaling reluctance from the Holy See to take part in the post-war initiative.
Vatican Secretary of State Cardinal Pietro Parolin said the Holy See «will not participate in the Board of Peace because of its particular nature, which is evidently not that of other States,» the Vatican’s official news outlet reported.
The Board of Peace, which was chartered in January and includes nearly 20 countries, is tasked with managing recovery efforts in the Gaza Strip after the Israel-Hamas war.
While responding to questions about Italy declining to join the board, Parolin said «there are points that leave us somewhat perplexed,» adding that «there are some critical points that would need to find explanations.»
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The Vatican announced it will not participate in President Trump’s Gaza recovery board. (AP Photo/Andrew Medichini)
«The important thing is that an attempt is being made to provide a response,» he said. «However, for us there are certain critical issues that should be resolved.»
Parolin continued, «One concern is that, at the international level it should above all be the UN that manages these crisis situations. This is one of the points on which we have insisted.»
Pope Leo, the first U.S. pope, received an invitation to join the peace board in January.
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The Vatican declined to join a U.S.-backed board tasked with overseeing post-war efforts in Gaza. (Alberto PIZZOLI / AFP via Getty Images)
Leaders from 17 countries participated in the initial charter signing ceremony in Davos, Switzerland, in late January, including presidents and other senior government officials from Latin America, Europe, the Middle East and Central and Southeast Asia.
Israel formally joined the board last week ahead of Prime Minister Benjamin Netanyahu’s meeting with Trump at the White House.
Several other countries were also invited by the White House, including Russia, Belarus, France, Germany, Vietnam, Finland, Ukraine, Ireland, Greece and China.
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President Donald Trump’s newly formed Board of Peace will move forward without Vatican participation. (AP Photo/Evan Vucci, File)
Poland and Italy on Wednesday said they would not join.
Trump announced Sunday that board members have pledged more than $5 billion in aid for Gaza.
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The president said the funding would be formally pledged during a meeting Wednesday in Washington, D.C.
Fox News Digital’s Anders Hagstrom contributed to this report.
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