CNBC Daily Open: Tariff uncertainty intensifies with the U.S. court's ruling

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

As if the ever-changing trade mandates from U.S. President Donald Trump weren’t hard enough for companies, here comes a new complication: the federal appeals court.

On Friday, the U.S. Court of Appeals for the Federal Circuit ruled that Trump’s imposition of “reciprocal” tariffs on countries, as well as those on China, Canada and Mexico ostensibly in relation to fentanyl trafficking, was an overreach of his authority.

That said, those tariffs will be allowed to persist until Oct. 14 so that the Trump administration has time to appeal to the U.S. Supreme Court.