Capital Cash Digest
  • Business
  • Politics
  • Finance
  • Stocks
  • Investing
  • World News

Capital Cash Digest

  • Business
  • Politics
  • Finance
  • Stocks
  • Investing
  • World 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
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 accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.
next post
US bolsters military presence in Caribbean near Venezuela amid Trump’s efforts to halt drug trafficking

You may also like

Trump nominees squeezed between ‘blue slips’ and blue...

August 31, 2025

Trump claims Putin, Xi, Kim are conspiring against...

September 3, 2025

Rashida Tlaib hit with House censure threat, accused...

September 3, 2025

Former FBI Director Robert Mueller has Parkinson’s disease:...

September 1, 2025

Trump admin urges Supreme Court to allow president...

September 5, 2025

Trump’s midterm convention is the seismic shift that...

September 5, 2025

Top Senate Republican ready to go nuclear, ‘roll...

September 2, 2025

Elon Musk opines on ‘major driver of white...

September 3, 2025

China shows missiles, Trump shows muscle: Xi’s strategy...

September 5, 2025

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

September 4, 2025

Recent

  • The Real Drivers of This Market: AI, Semis & Robotics

    September 5, 2025
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    September 5, 2025
  • CoTec Holdings Corp. Notes HyProMag USA Press Release Regarding Capacity Expansion Concept Study

    September 5, 2025
  • Empire Metals Limited Announces Interim Results

    September 5, 2025
  • Alvopetro Announces August 2025 Sales Volumes

    September 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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


    Categories

    • Business (13)
    • Finance (10)
    • Investing (43)
    • Politics (40)
    • Stocks (20)
    • World News (10)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 capitalcashdigest.com | All Rights Reserved