Source: Axios
“The Trump administration asked the Supreme Court on Wednesday night to weigh in on its appeal to keep a broad set of tariffs in place after a lower court ruled they were illegal. Global trade is in a new state of limbo over whether the bulk of President Trump’s trade agenda might be overturned. If the Supreme Court ultimately upholds the [law], the overwhelming majority of tariffs implemented under Trump would be canceled. A federal appeals court on Aug. 29 [noticed] that Trump exceeded his authority by enacting widespread tariffs under the International Emergency Economic Powers Act (IEEPA). The court, however, allowed the tariffs to remain in place through Oct. 14.” (09/03/25)