Overview

• The U.S. Court of Appeals for the Federal Circuit, in a 7–4 decision, largely affirmed a May ruling that President Trump exceeded his powers under the 1977 IEEPA by imposing sweeping global and “reciprocal” tariffs.
• The panel kept the duties in force until Oct. 14 to allow time for Supreme Court review and additional proceedings, so the tariffs continue to apply for now.
• The administration vowed to appeal to the Supreme Court, with Trump declaring on Truth Social that all tariffs remain in effect, and Attorney General Pam Bondi defending the policy.
• The ruling does not affect tariffs imposed under other statutes, including the national‑security measures on steel and aluminum.
• The decision raises the prospect of refund claims for duties collected and uncertainty for recent trade arrangements with partners such as the EU, Japan, and South Korea.