Overview
- Oral arguments are set for Wednesday, and the tariffs remain in force while the Court reviews the consolidated challenges.
- Lower courts ruled that IEEPA likely does not authorize Trump’s sweeping duties but kept them in place pending appeal.
- Roughly $80–$90 billion has already been collected, raising potential refund exposure and highlighting reported strains on small and mid‑sized businesses.
- The administration calls the levies regulatory measures tied to foreign threats and urges deference in foreign affairs, while challengers label them taxes reserved to Congress and invoke the major questions doctrine.
- Treasury Secretary Scott Bessent plans to attend and Solicitor General D. John Sauer will argue, as officials note narrower fallback tools like Sections 232, 301 and 338 if IEEPA tariffs are struck down.