Trump Seeks Expedited Supreme Court Review on Tariffs Ruling, Warns of Economic Fallout

Former President Donald TRUMP announced plans to petition the Supreme Court for an expedited ruling on his appeal of a federal circuit court decision that blocked his tariff authority. The U.S. Court of Appeals for the Federal Circuit ruled 7-4 that Trump overstepped presidential powers by imposing tariffs under the International Emergency Economic Powers Act, asserting only Congress holds taxation authority.

"We're going to the Supreme Court tomorrow because we need an early decision," Trump told reporters, framing the legal battle as existential for the U.S. economy. "If you take away tariffs, we could end up being a third-world country. The financial fabric of our nation is at stake." The administration has until October 14 to seek reversal before the ruling takes effect.

Trump directly linked market volatility to the court decision, claiming "the stock market's down because it needs tariffs." The remarks came amid broader discussions about executive authority and trade policy's macroeconomic implications.