#TrumpTariffs A U.S. appeals court temporarily reinstated Trump’s tariffs after a lower court ruled them unconstitutional under the *International Emergency Economic Powers Act (IEEPA)*, allowing the controversial levies to remain in effect pending a fast-tracked summer hearing .

Meanwhile, tensions escalated between Trump and Elon Musk, with Musk warning that the tariffs could trigger a recession by late 2025, further destabilizing markets .

The White House defended the tariffs as necessary to address trade deficits, while critics, including impacted businesses and 12 U.S. states, argue they lack legal justification and harm supply chains .

The Supreme Court is expected to ultimately decide the tariffs’ fate, with a ruling likely before year-end .