May 30 – A federal court blocked President Trump’s proposed tariffs on Apple Inc. (NASDAQ:AAPL) products, removing a major source of uncertainty for investors, according to a Thursday court ruling.

The three-judge panel ruled that the Liberation Day tariffs exceeded the administration’s authority under the Emergency Powers Law. The judges agreed that imposing a 25% duty on Apple goods not made in the U.S. required additional legal justification.

That tariff, blamed for Apple’s recent sell-off, now sits within the broader trade measures halted by the court. Apple stock had slipped but has begun recovering toward key technical levels in response to the ruling.

Technically, Apple needs to return to roughly a 20% discount from its 52-week high of about $208 per share before confirming a bullish reversal. If it can reach that zone, market watchers believe it could indicate renewed momentum for the wider tech sector.

As of today, AAPL’s average daily volume is near 56 million shares. Investors should watch for a notable increase in volume around $208, which could signal institutional buying. Future developments, such as appeals, alternative trade policies, or potential Chinese retaliation, may still influence Apple’s trajectory.

This article first appeared on GuruFocus.