The U.S. Court of International Trade has denied a temporary restraining order against President Donald Trump's sweeping 'Liberation Day' tariffs, allowing them to remain in place for the time being. The court's decision came in response to a lawsuit filed by a coalition of business groups, represented by the Liberty Justice Center, who argued that the tariffs posed an immediate threat to their operations. Trump's tariffs, which include a baseline 10% rate on most foreign imports and higher rates of at least 145% on many Chinese goods, were challenged on the grounds that they exceed the president's legal authority under the International Emergency Economic Powers Act (IEEPA). The business groups sought to block the executive orders used to impose these tariffs, claiming they represent an existential threat to their businesses and thousands of small businesses across the country. The Trump administration defended the tariffs as necessary for national security and economic protection, arguing that the business groups' claims of future economic harm were speculative. The court, however, found that the plaintiffs did not clearly demonstrate a likelihood of immediate and irreparable harm, leading to the denial of the restraining order. A hearing is scheduled for May 13 to further consider the issue, as the court continues to deliberate on whether to issue a more lasting ruling that could keep the tariffs on hold until the litigation is resolved. Jeffrey Schwab, senior counsel at the Liberty Justice Center, expressed disagreement with the court's ruling, emphasizing the ongoing harm to their clients due to the tariffs.