Trump defies US courts, reigniting trade debate.
⚠️ In a controversial move, US President Donald Trump announced his intention to appeal to the Supreme Court against a federal appeals court ruling that deemed most of his tariffs "illegal."
✅ Trump described the decision as "devastating," confirming that the tariffs would remain in place until mid-October pending a decision on the appeal.
✅ This ruling is a major blow to his trade agenda and reopens the issue of the president's authority to impose taxes without congressional approval.
⚠️ Trump confidently declared that the stock market would "soar" if he wins the appeal, citing the Emergency Economic Powers Act of 1977 to justify imposing tariffs of up to 50% on more than 60 countries, including China, Canada, Mexico, and India.