We're going to continue the conversation to a degree and turn to geopolitics. My next guest says neither countries nor companies should expect any clarity on tariffs following last week's ruling. But one thing the ruling does do is weaken the administration's ability to use tariffs as leverage in trade negotiations.And it comes at a time where Russia, India, and China are signaling solidarity to each other. For more, let's bring in Fred Kempy, CEO of the Atlantic Council and a CNBC contributor. Fred, thanks ...

We got a big tariff decision from the US Court of Appeals here in Washington DC. This was a 74 ruling that the bulk of President Trump's tariffs are not legally justified. President Trump has overstepped his legal authority to impose these tariffs.So, this goes back to the so-called reciprocal tariffs that Trump first announced in April. President Trump had used an emergency law from the 1970s that had never been used for tariffs before. and the court said that basically you can't do that.It's a big test fo ...

Just In: A US Appeals Court has ruled many of Trump's tariffs as illegalThe court effectively ruled that the International Emergency Economic Powers Act does not give Trump the power to levy these tariffsTrump is likely to appeal this ruling to the Supreme Court https://t.co/8HQd9qzLAv ...