IEEPA Tariffs Head To High Court

The Trump administration reacted to the Federal Circuit’s ruling against the global “reciprocal” tariffs and other emergency duties this week, filing its appeal to the U.S. Supreme Court on Wednesday, a move that trade observers have expected since wine importer V.O.S. Selections Inc. and others launched their suits contesting the levies. The question now is how the high court will handle the petition, and how the administration will respond if the justices back the lower courts’ decisions.

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