Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

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

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

You may also like

Senate hopefuls jostle for high-stakes seat after Blackburn...

August 6, 2025

Garland lauds ‘principled’ Wray for ‘integrity and skill’...

December 12, 2024

HHS halts work at high-risk infectious disease lab...

May 1, 2025

Over 150 lawmakers lend support to resistance movement...

February 26, 2025

Father of Hamas hostage: Let Trump close deal...

February 5, 2025

Elon Musk quietly donates ‘very substantial’ amount to...

October 22, 2024

What kind of justices would President Kamala Harris...

August 30, 2024

Musk tells Cabinet that DOGE email was ‘pulse...

February 26, 2025

Trump is threatening to ‘federalize’ DC with National...

August 11, 2025

Fetterman calls out ‘UN’s rank, pervasive antisemitism,’ says...

November 18, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

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

      September 4, 2025
    • 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

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

      September 4, 2025
    • Trump’s political advisors huddle with House GOP over rebranding of the big beautiful bill

      September 3, 2025
    • Crash victims’ families prepare to make what could be their final plea for Boeing’s prosecution

      September 3, 2025

    Categories

    • Business (792)
    • Investing (661)
    • Politics (5,441)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved