President Trump said his administration would ask the Supreme Court for an expedited ruling in hopes of overturning a federal court decision that many of his tariffs were illegally imposed https://t.co/Uk199f0oFW https://t.co/2CXmj5awjT ...

Trade Relations - The US is not considering lowering tariffs on India [1] - The US doubled levies on India's imports to 50% [1] Geopolitics & Energy - The tariff increase is a punishment for India's Russian oil imports [1]

I think the level of tariffs the president's indicated this is the level he wants and how he gets there I think is the only question. >> A appeals court upholding a lower court's decision that the tariffs that he issued on April 2nd are deemed illegal under AIPA. The court though did leave some breathing room for the Trump administration to appeal that ruling.Those tariffs remaining in place until October. The president to appeal that to the Supreme Court. Remember this applies to the Liberation Day tariff. ...

Joining me now, Mark Short. He's the former chief of staff to Vice President Mike Pence, also a CNBC contributor. It's good to see you.Welcome. It's nice timing to have you. Thanks, Scott.Good to be here. I mean, you you've been pretty critical uh even publicly of of these tariffs. What' you make of the court ruling.Well, I think the court ruling Friday night was a good win for taxpayers. I think that everyone knows that in article 1, section 8 of the constitution that it the our founders clearly designed t ...

President Donald Trump said his administration would ask the Supreme Court for an expedited ruling in hopes of overturning a federal court decision that many of his tariffs were illegally imposed https://t.co/iCCJAXxgg5 ...

Trade Policy & Tariffs - The Supreme Court is reviewing tariffs related to the emergency powers act (IPA), potentially requiring the US to issue massive rebates if the tariffs are deemed illegal [3][4] - The US has collected slightly less than $100 billion from IEPA tariffs so far [5] - The administration has until October 14th to appeal to the Supreme Court, with a ruling potentially delayed until next summer, creating significant uncertainty [5] - The administration could use statutes 232 and 301 to reimpose reciprocal tariffs if IPA is struck down, but this would keep businesses in tariff limbo [6][7] Bond Market & Interest Rates - The bond market is reacting to expectations of reduced tariff revenue, potentially negatively impacting stocks and leading to higher interest rates [9] - S&P maintained the US credit rating last month largely due to increased tariff revenue, which was expected to offset negative fiscal impacts from the $34 trillion one big beautiful bill [10] Economic Impact - Potential refunds due to the Supreme Court ruling on tariffs and the uncertainty surrounding trade policy are key concerns for businesses [7]

What is going on. Let's answer that question with Andy Brener, head of International Fixed Income at National Alliance. He puts out must-read market commentary, and he joins us now.Andy, it's great to have you back on the program. It's been too long. What is happening with global fixed income markets.Brian, it's it's a new month and uh what you have is a lot of supply coming. You have supply coming all throughout Europe and you have supply today in the in the corporate markets. We counted about 25 deals tod ...

In the meantime, many of the president's global tariffs are in doubt, as you might know, following that high-profile court ruling on Friday. Our Aean Jav has more on that this morning. Morning, Aean. >> Yeah, good morning, guys. We will see the president uh on camera today uh in an unrelated event this afternoon. So, we may hear from him directly on this court ruling that came down late on Friday. But his top trade adviser, Peter Navaro, said yesterday it'll be the end of the United States if President Trum ...

Legal & Regulatory Landscape - A federal appeals court ruled President Trump overstepped his authority imposing tariffs [1] - The court decision favors the argument that tariff decisions belong to Congress, not the President [2] - The administration has until October 14th to decide whether to appeal to the Supreme Court or go to Congress [18] - The Supreme Court previously ruled that Congress must affirmatively authorize rules, referencing the 1950 steel mill seizure case [7][8] Potential Business Impact - Businesses are in a difficult position, needing clarity on tariff rules for long-term planning [13][15] - Some businesses are considering manufacturing in the US due to the tariffs, while others are waiting for the situation to resolve [13][14] - The legality of tariffs collected is questioned, with potential for refund actions if the ruling stands [10][11] Presidential Powers & Limitations - The President has limited power to impose a 15% temporary tariff for 150 days under Section 122 of the Trade Act [17] - The tariffs imposed exceeded the President's power by being up to 50% or even 150% and indefinite [17]

Trump says India offered to remove tariffs on US goods https://t.co/9RMod49z6w ...