Financial Wisdom Wave
  • Business
  • Stock
  • Politics
  • Tech News
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

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

previous post
Amazon cracks down on Prime free shipping sharing
next post
Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

You may also like

Venezuelan Nobel Peace Prize winner María Corina Machado...

October 11, 2025

War Department launches new counter-narcotics task force under...

October 11, 2025

Putin praises Trump’s peace efforts as ‘really doing...

October 11, 2025

Trump declared in ‘excellent overall health’ by doctor...

October 11, 2025

Kim Jong Un shows off ‘most powerful’ ballistic...

October 11, 2025

RFK Jr shocked over pregnant moms protesting Trump...

October 10, 2025

Could Trump win the Nobel Peace Prize after...

October 10, 2025

Top insurance CEO in the hot seat after...

October 10, 2025

Senate advances 2026 defense bill after weeks of...

October 10, 2025

Fairways, friendship and a $6 billion deal: How...

October 10, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Venezuelan Nobel Peace Prize winner María Corina Machado dedicates award to Trump for ‘decisive support’

      October 11, 2025
    • Putin praises Trump’s peace efforts as ‘really doing a lot’ to resolve global crises and conflicts

      October 11, 2025
    • War Department launches new counter-narcotics task force under Trump directive to crush cartels

      October 11, 2025
    • Kim Jong Un shows off ‘most powerful’ ballistic missile as foreign leaders watch North Korea military parade

      October 11, 2025
    • Trump declared in ‘excellent overall health’ by doctor after Walter Reed visit

      October 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 financialwisdomwave.com | All Rights Reserved

    Financial Wisdom Wave
    • Business
    • Stock
    • Politics
    • Tech News