Overview

• The Federal Circuit largely affirmed a May trade-court ruling that most global and “reciprocal” tariffs exceeded presidential authority.
• Judges concluded the 1977 International Emergency Economic Powers Act does not authorize the president to impose tariffs, underscoring Congress’s role over duties.
• The court stayed its removal order until October 14 to allow a Supreme Court petition, so the tariffs remain in force for now.
• The decision does not reach tariffs imposed under other statutes, such as existing steel and aluminum measures.
• President Trump denounced the ruling and said he will seek Supreme Court review, as plaintiffs and trading partners confront ongoing uncertainty and potential refunds if the decision is ultimately upheld.