Trump Seeks Supreme Court Emergency Hearing on Tariffs, Rules Out India Cuts

President TRUMP announced plans to seek an immediate Supreme Court hearing to challenge an appeals court ruling that deemed most of his global tariffs illegal. Calling it an "economic emergency," Trump warned of significant market repercussions if the decision isn't overturned. The administration will file its appeal Wednesday.

A federal appeals court reaffirmed Friday that Trump exceeded his authority by using emergency powers to impose tariffs, though the levies remain in effect during appeals. Trump linked Monday's stock market decline to tariff uncertainty, insisting markets "want the tariffs."

While Treasury Secretary Scott Bessent expressed confidence in Supreme Court backing for the 1977 emergency law's use, the administration is preparing contingency plans. Separately, Trump confirmed no consideration of tariff reductions for India.