Trump Seeks Supreme Court Hearing on Tariffs Amid Economic Emergency Claims
President TRUMP announced plans to appeal to the Supreme Court after a federal appeals court ruled most of his global tariffs illegal. The administration argues the decision creates an "economic emergency" that could trigger market instability.
Stock markets reacted negatively to the uncertainty, with Trump asserting tariffs are necessary for market stability. Treasury Secretary Scott Bessent expressed confidence in a favorable Supreme Court ruling but confirmed contingency plans are being prepared.