Overview

• The 7–4 Federal Circuit decision largely affirmed a May trade-court ruling that Trump exceeded his authority under the 1977 IEEPA.
• The court kept the duties in force until October 14 and sent parts of the case back to determine who is covered by the ruling.
• The decision targets the broad global and “reciprocal” tariffs, including separate measures against China, Canada and Mexico, but leaves tariffs under other statutes such as steel and aluminum untouched.
• Trump said on Truth Social that all tariffs remain in effect and vowed to preserve them with help from the Supreme Court.
• The Justice Department has warned that unwinding the duties could require significant refunds and pose fiscal risks, while trading partners face continuing uncertainty.