Barclays: Court rules to revoke tariffs, US companies may face an influx of imports leading to an expanded trade deficit.

On May 29, Barclays analysts said that after the U.S. Court of International Trade ruled to remove the Trump administration's reciprocal tariffs and fentanyl-related tariffs, U.S. companies may import a large number of goods in advance in the next two months. The Trump administration has been quick to appeal the ruling, which means the case is likely to appeal first to the Court of Appeals for the Federal Circuit and then to the Supreme Court. "This is likely to mean that the tariff policy will be in a state of uncertainty for four to eight weeks," the analyst said. The bank's analysts commented that U.S. companies are likely to ship as many goods into the U.S. as possible before a Supreme Court trial. He added that this would lead to a large U.S. trade deficit in the first half of the year.