"The US president filed a petition late on Wednesday to ask for a review of last week's federal appeals court ruling in Washington DC, which centred on his liberation day border taxes introduced on 2 April, which imposed levies of between 10% and 50% on most US imports, sending shock waves through global trade and markets. The court found in a 7-4 ruling last Friday that Trump had overstepped his presidential powers when he invoked a 1977 law."
"The decision was the biggest blow yet to Trump's tariff policies, but the levies were left in place until 14 October giving the administration time to ask the supreme court to review the decision. Trump has now appealed and the supreme court is expected to review the case, although the justices must still agree to do so. The administration asked for that decision to be made by 10 September."
Donald Trump petitioned the US Supreme Court to overturn a federal appeals court ruling that most of his April reciprocal tariffs were illegal. The appeals court held in a 7-4 decision that he exceeded presidential authority by invoking a 1977 national-emergencies statute to justify levies of 10–50% on most imports. The tariffs remained in place until 14 October, allowing time to seek Supreme Court review. The administration requested an expedited schedule with a decision on whether to hear the case by 10 September and sought arguments by 10 November, aiming for a possible ruling by year-end.
Read at www.theguardian.com
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