According to BlockBeats, U.S. President Donald Trump announced plans to request the Supreme Court to expedite a decision on the global tariff case. This move aims to overturn a federal court ruling that deemed several tariffs illegal. Trump emphasized the importance of maintaining current trade policies and warned that if the previous appellate court's decision is upheld, it could have devastating effects on the nation.
Trump stated that his administration would file an appeal with the Supreme Court as early as Wednesday. He argued that the stock market's decline was due to the need for tariff measures, asserting that the market desires tariffs. However, market analysts attribute the stock market's downturn to concerns over corporate debt issuance and budget issues in developed countries.