TOKYO — The U.S. court battle over the legality of President Donald Trump’s tariffs comes as global investors have been repositioning in Asian markets, expecting most regional currencies to strengthen as new American policies reshape global trade.
In the latest legal development, a U.S. federal appeals court ruled on Thursday that most of the levies can stay for now while it decides whether to uphold a lower court decision that Trump’s “reciprocal” tariffs were illegal. The White House expects a final decision to be made by the Supreme Court.
