Trump: Will appeal tariff ruling to Supreme Court as soon as Wednesday, U.S. stocks eager for tariffs

Speaking to reporters in the Oval Office on Tuesday local time, US President Donald Trump said his administration would ask the Supreme Court to speed up decisions on global tariffs in a bid to overturn federal court rulings that found many of his duties illegal. He stressed the importance of maintaining current trade policies. Trump said his administration would appeal to the Supreme Court as soon as Wednesday local time, warning that if the earlier appeals court ruling went into effect, it would be "devastating for our country". "We're going to ask the Supreme Court to speed up the decision, and we need to get a decision as soon as possible," he said. Trump claimed: "The stock market is down because the market needs tariffs, and they want tariffs." But market analysts blamed corporate bond issuance and budget concerns in developed countries for the main reasons for the decline in the stock market.