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- Jul 25, 2025
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So a lower court that Trump's use of Emergency Powers to enact tariffs exceeds his authority
fortune.com
Trump’s trade deals are illegal, Piper Sandler warns, predicting a Supreme Court smackdown by June 2026 | Fortune
The investment bank thinks a 9–0 ruling against Trump is likely. That doesn’t mean the tariffs will just go away.
Things still have to play out all the way in the courts, but there's a pretty good chance his tariffs are deadTrump’s trade policy has encountered stiff resistance as lower courts push back against the administration’s sweeping claims of executive authority. On May 28, the U.S. Court of International Trade (CIT) ruled unanimously against Trump’s use of the IEEPA for tariffs, calling the administration’s arguments unconvincing. The decision is now under appeal.
In a separate May 29 ruling, D.C. District Judge Rudolph Contreras found that the IEEPA does not enable the president to impose tariffs at all and ordered an immediate reversal of certain duties—though that order is currently stayed pending appeal.


















