A panel of judges at the U.S. Court of International Trade ruled not to issue a temporary restraining order against Trump’s tariffs, siding against a coalition of business groups who argued the tariffs should immediately be paused while the litigation gets underway.

U.S. President Donald Trump met with major retailers, including Walmart (WMT.N), opens new tab, Home Depot (HD.N), opens new tab, Lowe's (LOW.N), opens new tab and Target (TGT.N), opens new tab, on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import.