Overview

• The companies filed a joint petition asking the Supreme Court to leapfrog both the D.C. Circuit and Court of International Trade appeals and schedule arguments this fall, possibly as early as September or October.
• Two federal courts have already ruled that Trump’s 10% baseline and selective reciprocal tariffs under the International Emergency Economic Powers Act exceed presidential authority, but both decisions are stayed pending appeal.
• Analyses from JPMorgan and the Treasury Department estimate that the tariffs could generate between $300 billion and $660 billion annually, effectively acting as a hidden tax on imports.
• In their filing, the plaintiffs warned that sustained tariffs are causing “crippling uncertainty” for businesses and consumers and argued that only a Supreme Court ruling can halt the economic disruption.
• If the justices agree to take the case, it would represent a rare early intervention by the high court and set a precedent on the scope of White House emergency trade powers.