"Trump argues for tariff decision reversal: US President petitions Supreme Court to overturn 'illegal' tariff verdict"
The ongoing legal saga surrounding the tariffs imposed by President Donald Trump continues to unfold, with more developments expected in the near future.
According to a recently obtained appeal by CNN, the US president and his senior advisors view tariffs as crucial to America's growth. This stance was evident in the recent appeals court ruling that temporarily allows the 'Liberation Day' tariffs to stand during litigation.
However, the US Court of Appeals for the Federal Circuit, following the lead of the New York federal court, has upheld a previous decision declaring most of these tariffs as illegal. This ruling was in response to a lawsuit initiated by wine importer VOS Selections and other small businesses.
The tariffs in question, often referred to as "reciprocal" levies, have been a contentious issue, with Trump claiming that a decision countering the tariffs would lead to "devastation for our country." He has also stated that the stock market needs the tariffs and wants them.
In a bid to validate his tariffs on nations around the world, Trump has appealed to the US Supreme Court. However, Jeffrey Schwab, senior counsel and director of litigation for Liberty Justice Center, has expressed concern about the harm these tariffs are causing to small businesses.
The World Trade Organization (WTO) has also filed a lawsuit challenging the legality of the global tariffs imposed by President Trump before the United States Court of Appeals. This lawsuit, like the one initiated by the small businesses, has temporarily blocked the suspension of these tariffs.
Senator Eric Schmitt has made headlines with an extremist speech stating that H-1B, highly skilled legal immigration, is harming Americans. Despite this, the focus remains on the tariff issue, with the Supreme Court potentially hearing the case by September 10, with arguments following in early November.
Trump has pushed for a speedy review of the case by the Supreme Court, stating that with tariffs, "we are a rich nation; without tariffs, we are a poor nation." As the legal battle continues, the future of these tariffs remains uncertain.
