Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

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

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

Pro-life group urges Senate to press RFK Jr....

September 4, 2025

Senate Armed Services leaders ask Pentagon watchdog to...

March 28, 2025

Serbian foreign minister proposes hosting Ukraine-Russia peace negotiations...

October 26, 2025

Iran talks with Europeans set for Friday; White...

June 20, 2025

DAVID MARCUS: In Harlem, excitement for Mamdani and...

November 3, 2025

Self-described ‘unapologetic supporter of Israel’ John Fetterman weighs...

October 6, 2025

Democrats opposed John Bolton for years — until...

August 26, 2025

Republicans troll Dems’ El Salvador visits with offer...

April 23, 2025

Former Vice President Mike Pence honored by Kennedy...

May 5, 2025

Everything you need to know about Election Day...

October 29, 2025

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains
  • Democrat whose parents fled Iran moves to oust Hegseth
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat

    April 8, 2026
  • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support

    April 8, 2026
  • Midterm alarm bells: Democrats face steep favorability deficit despite election gains

    April 8, 2026
  • Democrat whose parents fled Iran moves to oust Hegseth

    April 8, 2026
  • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

    April 8, 2026
  • What falling wage growth says about where the U.S. economy is heading

    April 8, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 3

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 7

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
Promotion Image

banner

Categories

  • Business (666)
  • Investing (3,251)
  • Politics (4,072)
  • Stocks (1,072)
  • Terms and Conditions
  • Privacy Policy

Copyright © 2026 bullhedging.com | All Rights Reserved