Trump: Will appeal tariff ruling to Supreme Court as soon as Wednesday, U.S. stocks eager for tariffs
2025-09-02 19:54:39
On September 3rd, local time on Tuesday, US President Donald Trump told reporters in the Oval Office of the White House that his administration will ask the Supreme Court to expedite the ruling on global tariffs in order to overturn the federal court's ruling that many of his tariffs are 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 goes into effect, it "will be devastating to our country". "We will ask the Supreme Court to expedite the ruling, and we need to get a judgment as soon as possible," he said. Trump claimed: "The stock market is falling because the market needs tariffs, and they want tariffs." But market analysts believe that corporate bond issuance and budget concerns in developed countries are the main reasons for the decline in stock markets.
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