Group 1 - The recent ruling by the U.S. Court of Appeals deemed most of Trump's global tariff policies illegal, raising concerns about the implications for global trade dynamics, U.S. government revenue, and corporate decision-making [1][3] - In August, U.S. tariff revenue reached approximately $31 billion, accounting for over 8% of the cash inflow to the U.S. Treasury for that month, highlighting the significance of tariffs as a revenue source [3] - The legality of trade agreements reached by Trump with major partners like the EU and Japan is now in question, potentially leading these partners to reassess the value of ongoing negotiations [4] Group 2 - Investment firm Jefferies anticipates that the tariff case may reach the U.S. Supreme Court by early 2026, indicating a prolonged period of uncertainty for businesses [6] - Republican Senator James Lankford noted that companies desire a clear and stable regulatory framework, as ongoing legal changes create instability in corporate decision-making [8] - Market analysts expect Trump to intensify the use of other trade legal tools, such as Section 232 and Section 301 investigations, which are not affected by the recent ruling [10]