President Trump on Tuesday said his administration would seek an immediate hearing from the Supreme Court, calling an appeals court’s ruling against most of his tariffs an “emergency.”
“It’s an economic emergency,” he said on CNN commentator Scott Jennings’ radio show, adding, “If we don’t win that decision, you’ll see a reverberation like maybe you’ve never seen before.”
A federal appeals court ruled Friday that most of Trump’s global tariffs were illegal, reaffirming an earlier ruling by the Court of International Trade and saying he exceeded his authority in using emergency powers to impose them. The judges, however, allowed the tariffs to remain in place while the case moves through the appeals process.
Trump claimed that stocks fell broadly on Monday because of the uncertainty around the tariffs’ legality.
“Without tariffs, we have an entirely different country,” he said.
Other members of the administration are making backup plans, however. US Treasury Secretary Scott Bessent said he is confident the Supreme Court will back Trump’s use of a 1977 emergency law to impose broad tariffs, but said the administration is working on a Plan B in case it does not.
In any case, the “reciprocal” tariffs Trump unveiled on dozens of US trade partners (which you can see in the graphic below) now face a fresh bout of legal limbo.
Meanwhile on Monday, Trump criticized the tariff and trade relationship between the US and India, saying it has been heavily one-sided for decades.
“In other words, they sell us massive amounts of goods, their biggest ‘client,’ but we sell them very little – Until now a totally one sided relationship, and it has been for many decades,” Trump posted.
“It has been a totally one sided disaster!” he added.
Trump’s comments came as India Prime Minister Narendra Modi has embarked on bids to strengthen ties with China and Russia as relations with the US have deteriorated.
Elsewhere, Brazil’s President Lula authorized retaliation against Trump’s 50% US tariffs but says he still wants to negotiate, while Mexico plans to put higher tariffs on Chinese goods in its 2026 budget to shield local industry amid US pressure over cheap Chinese goods entering Mexico before heading north.
Read more: What Trump’s tariffs mean for the economy and your wallet
Here are the latest updates as the policy reverberates around the world.
LIVE 1792 updates
Merz offers to help Swiss reduce ‘exorbitant’Trump trade tariff
German Chancellor Friedrich Merz has offered Switzerland his support after President Trump hit the export-dependent nation with high tariffs last month.
Bloomberg News reports:
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US manufacturing stay mired in weakness due to tariffs
US manufacturing shrank for the sixth month in August due to import tariffs, though AI spending is giving parts of the industry a boost.
Reuters reports:
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China’s Xi redraws the geopolitical map with embrace of Putin, Modi
China’s Xi Jinping is looking to step in amid trade and geopolitical turmoil and build an “alternative” to the US-led world order.
Bloomberg reports:
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India eyes Russia, Brazil, Netherlands for pharma export growth as US tariffs concerns linger
India is making moves to increase its pharma exports to Russia, the Netherlands and Brazil, according to sources. New Delhi is hoping this will expand its presence beyond the US, its largest market.
Reuters reports:
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Japan to buy US rice within overall limit on duty-free imports
Bloomberg News reports:
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Key Starbucks supplier in Switzerland tastes bitter harvest of Trump tariffs
Swiss coffee machine maker Thermoplan grew from a small family business into a major Starbucks supplier during the late 1990s globalization wave, bringing over 500 jobs to its Alpine lakeside village.
But its future has been thrown into jeopardy due to President Trump’s tariffs.
Reuters reports:
Read more here.
Bessent expects Supreme Court to uphold legality of Trump’s tariffs
Treasury Secretary Scott Bessent said Monday he believes the Supreme Court will support President Trump’s use of a 1977 emergency law to impose wide tariffs, but added the administration has an alternative if it does not.
He told Reuters he is drafting a legal brief highlighting the urgency of fixing trade imbalances and stopping fentanyl from reaching the US.
Reuters reports:
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Mon, September 1, 2025 at 4:59 PM UTC
In Mexican border town, thousands of jobs lost due to Trump tariffs
Thousands of workers in Ciudad Juarez have lost their jobs as factories struggle under Trump-era tariffs and rising costs.
Reuters reports:
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Mon, September 1, 2025 at 3:30 PM UTC
Indian oil minister denies country is profiteering from Russian imports
India’s oil minister Hardeep Singh Puri said on Monday that the country is not “profiting” from Russian oil imports, and its purchases have stabilized markets while keeping prices from rising as much as $200 a barrel.
Reuters reports:
Read more here.
Mon, September 1, 2025 at 2:52 PM UTC
Trump slams India’s high tariffs, calls trade relationship a ‘disaster’
President Trump criticized the trade relationship between the US and India on Monday, saying it has been heavily one-sided for decades.
Trump noted that while India sells large amounts of goods to the US, American businesses sell very little to India because of the high tariffs New Delhi have put in place, which he called the highest of any country.
“In other words, they sell us massive amounts of goods, their biggest “client,” but we sell them very little – Until now a totally one sided relationship, and it has been for many decades,” Trump posted.
“The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster! Also, India buys most of its oil and military products from Russia, very little from the US”
Trump continued by saying India has offered to eliminate tariffs entirely. The US president said this action was overdue and that such trade policies should have been addressed years ago.
Mon, September 1, 2025 at 2:32 PM UTC
‘We haven’t seen the worst of it’: Retailers warn tariff impacts are far from over
Yahoo Finance’s Senior Reporter Allie Canal looks at President Trump’s tariffs and the retailers who are feeling the impact:
Read more here.
Mon, September 1, 2025 at 1:30 PM UTC
Rice remains sticking point as Japan, US seek to implement deal
Rice continues to be a sticking point between Japan and the US as both countries navigate differing interpretations of their July trade agreement, much of which has not yet been implemented.
Bloomberg News reports:
Read more here.
Mon, September 1, 2025 at 11:16 AM UTC
S. Korea exports stay solid on chip demand despite US tariff
Bloomberg News reports:
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Mon, September 1, 2025 at 9:45 AM UTC
US still working on trade deals despite court ruling: Greer
The Trump administration is pressing ahead with trade talks with its partners, even after a US appeals court ruled that the majority of President Trump’s tariffs are illegal, US Trade Representative Jamieson Greer said Sunday.
Reuters reports:
Read more here.
Sun, August 31, 2025 at 3:59 PM UTC
Indian Prime Minister Narendra Modi visited China for the first time in seven years to hold talks with Chinese President Xi Jinping. The two discussed how the two countries will work to cooperate in the face of an ongoing trade war with the United States.
Bloomberg reports:
Read more from Bloomberg here.
Sat, August 30, 2025 at 5:00 PM UTC
Trump’s trade war gets more chaotic than ever after court ruling
Yahoo Finance senior columnist Rick Newman writes:
He also notes that the appeals court left the duties in place until October to allow the Supreme Court time to weigh in. Until then, however, it’s not clear what businesses can — or should — do.
Read more here.
Sat, August 30, 2025 at 3:45 PM UTC
China’s trade envoy meets US officials to discuss economic ties
Reuters reports:
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Sat, August 30, 2025 at 2:30 PM UTC
India’s Modi tours chip plant with Japan’s Ishiba
Bloomberg reports:
Read more here.
Sat, August 30, 2025 at 1:00 PM UTC
Japan’s Akazawa canceled US trip over rice: Report
Bloomberg reports on some troubles on the US-Japan trade front:
Read more here.
Sat, August 30, 2025 at 12:00 PM UTC
What happens to Trump’s tariffs now?
The Associated Press examines what may happen from here — both on the legal front and on the broad implications if the Supreme Court does ultimately end up invalidating the duties.
Read more here.
