Trusted Senders are still subject to SPF/RDNS checks to prevent spammers using your list of trusted users to deliver spam to your inbox directly. As such, the majority of the time these issues are caused by a problem with DNS lookups, and I would start there. Check the Delivery/SMTP logs for signs that lookups are failing, and you can test for resolution by temporarily switching to another or public DNS server.
Kyle Kerst
IT Coordinator
SmarterTools Inc.
www.smartertools.com