Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Politics

Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

by admin September 4, 2025
September 4, 2025
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

The Trump administration asked the Supreme Court Wednesday to quickly make a decision on whether President Donald Trump has the authority to impose his sweeping tariffs under federal emergency law.

This appeal is a result of a federal appeals court ruling 7-4 that a vast majority of Trump’s tariffs were illegal according to the 1977 International Emergency Economic Powers Act even though it allowed the duties to remain until the case was resolved.

Many states and small businesses challenged Trump’s tariffs in a lawsuit saying they were causing serious economic harm.

‘These unlawful tariffs are inflicting serious harm on small businesses and jeopardizing their survival,’ said Jeffrey Schwab, an attorney with the Liberty Justice Center.

The Trump administration, however, countered the appeal, arguing that striking down the tariffs could cause serious economic harm.

‘That decision casts a pall of uncertainty upon ongoing foreign negotiations that the President has been pursuing through tariffs over the past five months, jeopardizing both already negotiated framework deals and ongoing negotiations,’ the Trump administration argued in its appeal. ‘The stakes in this case could not be higher.’

Officials also pointed out that the levies have raised $159 billion since late August, a figure that has more than doubled from the previous year.

Although the Constitution does give Congress the power to set tariffs throughout the years many lawmakers have delegated those authorities to the White House. Although Trump has been seen to use this to his advantage, some of his duties on steel, aluminum, autos, and earlier tariffs on China were left in place by former President Joe Biden and are not part of this case.

Legal experts have noted that the government has also warned that if the courts strike down these tariffs, the U.S. Treasury could be forced to refund billions that have already been collected.

The Supreme Court is expected to decide soon on whether they will take up the case directly, which will potentially set up a major ruling on the limits of presidential power over trade.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump’s tariffs force China to feel the heat
next post
US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

Related Posts

Trump to sign order lifting sanctions on Syria

July 1, 2025

War-torn regions have keen interest in US elections

October 30, 2024

Harris campaign plagued by surrogates’ gaffes: ‘Colossally inept...

October 23, 2024

Rep. Steube slams Senate parliamentarian for gutting Trump’s...

June 30, 2025

‘It’s time to rip the band aid off!’:...

July 3, 2024

Marco Rubio holds first meeting with families of...

June 28, 2025

MTG declares she’s ‘radically AMERICA FIRST,’ telling those...

August 6, 2025

Blinken questioned for State Department hosting in-house therapy...

November 25, 2024

Trump’s achievements embolden him to be even more...

July 1, 2025

North Korea lashes out after Trump DOJ exposes...

July 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Dem senator compares American founding principle to Iran’s theocracy: ‘Extremely troubling’

      September 5, 2025
    • China shows missiles, Trump shows muscle: Xi’s strategy can’t match US

      September 5, 2025
    • VP Vance curses out senators after heated Kennedy hearing: ‘Full of s— and everyone knows it’

      September 5, 2025
    • Trump stands by RFK Jr. after heated Senate hearing: ‘I like the fact that he’s different’

      September 5, 2025
    • Whatever happened to: The Qatar Air Force One jet

      September 5, 2025

    Categories

    • Business (1,101)
    • Investing (2,978)
    • Politics (3,629)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved