US supreme court to decide on legality of Trump's sweeping global tariffs

"The US supreme court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tariffs, setting up a major test of one of the Republican president's boldest assertions of executive power that has been central to his economic and trade agenda. The justices took up the justice department's appeal of a lower court's ruling that Trump overstepped his authority in imposing most of his tariffs under a federal law meant for emergencies."

"The court swiftly acted after the administration last week asked it to review the case, which involves trillions of dollars in customs duties over the next decade. The court, which begins its next nine-month term on 6 October, placed the case on a fast track, scheduling oral arguments for the first week of November. The justices also agreed to hear a separate challenge to Trump's tariffs brought by a family-owned toy company, Learning Resources."

"The US court of appeals for the federal circuit in Washington ruled on 29 August that Trump overreached in invoking a 1977 law known as the International Emergency Economic Powers Act (IEEPA) to impose the tariffs, undercutting a major priority for the president in his second term. The tariffs, however, remain in effect during the appeal to the supreme court."

The Supreme Court agreed to decide whether Donald Trump's imposition of sweeping global tariffs under the International Emergency Economic Powers Act exceeded presidential authority. The justices fast-tracked the Justice Department's appeal after a federal appeals court ruled on 29 August that Trump overreached in invoking the 1977 law. Oral arguments were scheduled for the first week of November. The case involves trillions of dollars in customs duties over the next decade and a separate challenge from toy company Learning Resources. The tariffs remain in effect during the appeal. The levies have fueled a trade war that increased market volatility, alienated trading partners and raised global economic uncertainty.

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