The post Trump Administration Takes Tariff Legal Fight To Supreme Court appeared on BitcoinEthereumNews.com. Topline The Trump administration on Wednesday night asked the Supreme Court to overturn a lower court decision that deemed his sweeping “Liberation Day” tariffs as illegal, setting the stage for a legal resolution on one of the president’s centerpiece economic policies. President Donald Trump’s sweeping tariffs were deemed illegal by a federal appellate court last week. Getty Images Key Facts According to the Washington Post and The Hill, the appeal petition, challenging last week’s federal appellate court ruling, was filed on Wednesday night, although it has not yet been docketed. The U.S. Court of Appeals for the Federal Circuit ruled 7-4 last week that the president had overstepped his authority by issuing the sweeping tariffs of nearly all U.S. trading partners and said the power to impose such levies is “vested exclusively in the legislative branch” and a “core Congressional power.” In the filing, U.S. Solicitor General D. John Sauer urged the Supreme Court justices to decide by next Wednesday whether they will take up the case and schedule oral arguments by the first week of November. The filing argues that America’s trade deficit with other nations amounts to an “economic emergency,” and Trump had determined that his tariffs and subsequent trade negotiations “are pulling America back from the precipice of disaster.” Trump has argued that he can use the International Emergency Economic Powers Act (IEEPA)—which allows the president to regulate international trade after declaring an emergency—to impose his sweeping levies. Earlier on Wednesday, President Donald Trump told reporters at a press conference that he will ask the Supreme Court to hear the tariff case on an expedited basis. Crucial Quote “The President and his Cabinet officials have determined that the tariffs are promoting peace and unprecedented economic prosperity, and that the denial of tariff authority would expose our nation… The post Trump Administration Takes Tariff Legal Fight To Supreme Court appeared on BitcoinEthereumNews.com. Topline The Trump administration on Wednesday night asked the Supreme Court to overturn a lower court decision that deemed his sweeping “Liberation Day” tariffs as illegal, setting the stage for a legal resolution on one of the president’s centerpiece economic policies. President Donald Trump’s sweeping tariffs were deemed illegal by a federal appellate court last week. Getty Images Key Facts According to the Washington Post and The Hill, the appeal petition, challenging last week’s federal appellate court ruling, was filed on Wednesday night, although it has not yet been docketed. The U.S. Court of Appeals for the Federal Circuit ruled 7-4 last week that the president had overstepped his authority by issuing the sweeping tariffs of nearly all U.S. trading partners and said the power to impose such levies is “vested exclusively in the legislative branch” and a “core Congressional power.” In the filing, U.S. Solicitor General D. John Sauer urged the Supreme Court justices to decide by next Wednesday whether they will take up the case and schedule oral arguments by the first week of November. The filing argues that America’s trade deficit with other nations amounts to an “economic emergency,” and Trump had determined that his tariffs and subsequent trade negotiations “are pulling America back from the precipice of disaster.” Trump has argued that he can use the International Emergency Economic Powers Act (IEEPA)—which allows the president to regulate international trade after declaring an emergency—to impose his sweeping levies. Earlier on Wednesday, President Donald Trump told reporters at a press conference that he will ask the Supreme Court to hear the tariff case on an expedited basis. Crucial Quote “The President and his Cabinet officials have determined that the tariffs are promoting peace and unprecedented economic prosperity, and that the denial of tariff authority would expose our nation…