Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

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

by
September 4, 2025
in Latest News
0
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
Previous Post

Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Best Buy launches third-party marketplace as it looks for sales drivers

Best Buy launches third-party marketplace as it looks for sales drivers

August 19, 2025
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

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

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

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

September 4, 2025
Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

September 4, 2025
Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

September 4, 2025
US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

September 4, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

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

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

    September 4, 2025
    Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

    Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

    September 4, 2025
    Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

    Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

    September 4, 2025
    US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

    US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

    September 4, 2025

    Top News

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

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

    September 4, 2025
    Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

    Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

    September 4, 2025

    Latest News

    • Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’
    • Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube
    • Pro-life group urges Senate to press RFK Jr. on abortion pill safety, demand safeguards return

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.