The China Mail - Trump admin asks Supreme Court for 'expedited' ruling on tariffs

USD -
AED 3.672504
AFN 66.344071
ALL 83.58702
AMD 382.869053
ANG 1.789982
AOA 917.000367
ARS 1405.057166
AUD 1.540832
AWG 1.805
AZN 1.70397
BAM 1.691481
BBD 2.013336
BDT 122.007014
BGN 1.69079
BHD 0.374011
BIF 2943.839757
BMD 1
BND 1.3018
BOB 6.91701
BRL 5.332404
BSD 0.999615
BTN 88.59887
BWP 13.420625
BYN 3.406804
BYR 19600
BZD 2.010326
CAD 1.40485
CDF 2150.000362
CHF 0.805258
CLF 0.024066
CLP 944.120396
CNY 7.11935
CNH 7.12515
COP 3780
CRC 501.883251
CUC 1
CUP 26.5
CVE 95.363087
CZK 21.009504
DJF 177.720393
DKK 6.457204
DOP 64.223754
DZD 129.411663
EGP 46.950698
ERN 15
ETB 154.306137
EUR 0.86435
FJD 2.28425
FKP 0.759642
GBP 0.759936
GEL 2.70504
GGP 0.759642
GHS 10.930743
GIP 0.759642
GMD 73.000355
GNF 8677.076622
GTQ 7.659909
GYD 209.133877
HKD 7.78025
HNL 26.282902
HRK 6.514104
HTG 133.048509
HUF 332.660388
IDR 16685.5
ILS 3.26205
IMP 0.759642
INR 88.639504
IQD 1309.474904
IRR 42100.000352
ISK 126.580386
JEP 0.759642
JMD 160.439
JOD 0.70904
JPY 153.43504
KES 129.203801
KGS 87.450384
KHR 4023.264362
KMF 421.00035
KPW 899.998686
KRW 1455.990383
KWD 0.306904
KYD 0.83302
KZT 524.767675
LAK 21703.220673
LBP 89512.834262
LKR 304.684561
LRD 182.526573
LSL 17.315523
LTL 2.95274
LVL 0.60489
LYD 5.458091
MAD 9.265955
MDL 17.042585
MGA 4492.856402
MKD 53.206947
MMK 2099.464216
MNT 3582.836755
MOP 8.007472
MRU 39.595594
MUR 45.910378
MVR 15.405039
MWK 1733.369658
MXN 18.451604
MYR 4.176039
MZN 63.950377
NAD 17.315148
NGN 1436.000344
NIO 36.782862
NOK 10.160376
NPR 141.758018
NZD 1.776515
OMR 0.38142
PAB 0.999671
PEN 3.37342
PGK 4.220486
PHP 58.805504
PKR 282.656184
PLN 3.665615
PYG 7072.77311
QAR 3.643196
RON 4.398804
RSD 102.170373
RUB 80.869377
RWF 1452.42265
SAR 3.750713
SBD 8.230592
SCR 13.652393
SDG 600.503676
SEK 9.529804
SGD 1.301038
SHP 0.750259
SLE 23.203667
SLL 20969.499529
SOS 571.228422
SRD 38.599038
STD 20697.981008
STN 21.189281
SVC 8.746265
SYP 11056.879504
SZL 17.321588
THB 32.395038
TJS 9.226139
TMT 3.51
TND 2.954772
TOP 2.342104
TRY 42.209038
TTD 6.77604
TWD 30.981804
TZS 2455.000335
UAH 41.915651
UGX 3498.408635
UYU 39.809213
UZS 12055.19496
VES 228.194038
VND 26310
VUV 122.189231
WST 2.820904
XAF 567.301896
XAG 0.020684
XAU 0.00025
XCD 2.70255
XCG 1.801521
XDR 0.707015
XOF 567.306803
XPF 103.14423
YER 238.503589
ZAR 17.303704
ZMK 9001.203584
ZMW 22.615629
ZWL 321.999592
  • CMSD

    0.0900

    24.1

    +0.37%

  • SCS

    0.0000

    15.76

    0%

  • RELX

    -1.1200

    42.27

    -2.65%

  • GSK

    -0.4700

    46.63

    -1.01%

  • AZN

    0.8100

    84.58

    +0.96%

  • RBGPF

    -0.7800

    75.22

    -1.04%

  • NGG

    1.4600

    77.75

    +1.88%

  • RIO

    0.0600

    69.33

    +0.09%

  • BCC

    -0.0900

    70.64

    -0.13%

  • CMSC

    0.0700

    23.85

    +0.29%

  • JRI

    -0.0100

    13.74

    -0.07%

  • BCE

    0.0200

    23.19

    +0.09%

  • VOD

    0.2400

    11.58

    +2.07%

  • RYCEF

    0.0800

    14.88

    +0.54%

  • BP

    0.7600

    36.58

    +2.08%

  • BTI

    0.3800

    54.59

    +0.7%

Trump admin asks Supreme Court for 'expedited' ruling on tariffs
Trump admin asks Supreme Court for 'expedited' ruling on tariffs / Photo: © AFP/File

Trump admin asks Supreme Court for 'expedited' ruling on tariffs

President Donald Trump's administration asked the US Supreme Court on Wednesday for an expedited ruling preserving the tariffs that have roiled global markets, saying a lower court ruling against it has already damaged trade negotiations.

Text size:

Solicitor General John Sauer urged the court in a filing to "expedite resolution of this case to the maximum extent feasible, given the enormous importance of quickly confirming the full legal standing of the President's tariffs."

The petition comes after a 7-4 ruling by the US Court of Appeals for the Federal Circuit, which found that Trump exceeded his authority in tapping emergency economic powers to impose wide-ranging duties.

The judges, however, allowed the levies to stay in place through mid-October, giving Trump time to take the fight to the Supreme Court.

Since returning to the presidency, Trump has invoked the International Emergency Economic Powers Act to impose "reciprocal" tariffs on almost all US trading partners, with a 10-percent baseline level and higher rates for dozens of economies including the European Union and Japan.

The US president tapped similar powers to slap separate tariffs on Mexico, Canada and China over what he said was the flow of deadly drugs into the United States.

The appeals court ruling also cast doubt over deals Trump has struck with key trading partners like the EU, raising the question of what would happen to the billions of dollars collected by the United States since the tariffs were put in place -- if the conservative-majority Supreme Court does not side with him.

- 'Walking away' from talks -

Several legal challenges have been filed against the tariffs. If they are ultimately ruled illegal, companies could potentially seek reimbursements.

On Tuesday, Trump told reporters that "if you took away tariffs, we could end up being a third-world country."

In a declaration filed with the petition, Treasury Secretary Scott Bessent warned that the appellate court's decision "gravely undermines the President's ability to conduct real-world diplomacy and his ability to protect the national security and economy of the United States."

Bessent said that "world leaders are questioning the President's authority to impose tariffs, walking away from or delaying negotiations," adding that the ruling had stripped the administration of "substantial negotiating leverage."

He also warned that delaying a final ruling until June 2026 could result in a scenario where "$750 billion-$1 trillion in tariffs have already been collected, and unwinding them could cause significant disruption."

The solicitor general requested oral arguments by early November.

Z.Ma--ThChM