Kasikorn Securities (KS) stated that the U.S. Court of Appeals for the Federal Circuit issued a 7-4 ruling on August 29, 2025, finding that the global tariff increases imposed by President Donald Trump were unlawful.
However, the court also decided to allow the tariffs to temporarily remain in effect, suspending the implementation of the decision until October 14, 2025, as the case awaits a potential appeal to the Supreme Court.
This development marks another legal setback for Trump, following a previous ruling by the U.S. Court of International Trade which had struck down tariffs enacted under the International Emergency Economic Powers Act (IEEPA).
The analyst views the appeals court ruling as a positive signal for investors, particularly in the export-oriented sector. Stocks such as Asian Alliance International (SET: AAI), i-Tail Corporation (SET: ITC), Delta Electronics (Thailand) (SET: DELTA), and Sri Trang Gloves (Thailand) (SET: STGT) could benefit from optimism over a possible easing of trade measures in the near future.
