Overview
- President Trump said the administration will seek an expedited Supreme Court ruling as soon as Wednesday to keep his IEEPA‑based tariffs in place.
- A 7–4 Federal Circuit decision found IEEPA does not authorize sweeping import duties, with the tariffs preserved under a stay through October 14.
- The Justice Department argues IEEPA lets a president regulate or block imports, a view lower courts rejected under the major‑questions doctrine.
- Treasury Secretary Scott Bessent said the administration is readying alternatives such as new Section 232 investigations and possible use of Smoot‑Hawley Section 338.
- Customs and Border Protection reports $65.8 billion collected from the contested duties, and trade lawyers warn an adverse ruling could spur refund claims and litigation.