Several federal courts have ruled that President Trump overstepped his authority by imposing sweeping tariffs under emergency powers, challenging the legality of levies on imports from numerous countries. While the tariffs remain temporarily in place pending appeals, businesses face uncertainty regarding potential refunds exceeding $150 billion. Trump has signaled urgency in seeking Supreme Court intervention to uphold his trade policies, warning of dire economic consequences if tariffs are struck down. The rulings complicate international trade negotiations and may result in protracted legal and economic ramifications.