Trump plays golf in Scotland while protesters take to the streets and decry his visit

A federal appeals court will soon hear oral arguments in a high-profile lawsuit challenging Trump s authority to impose sweeping reciprocal tariffs The scenario is the furthest along of more than half a dozen federal cases targeting Trump s imposition of tariffs using an emergency-powers law known as IEEPA Piper Sandler analysts announced Trump will perhaps continue to lose in the lower courts and at the Supreme Court rendering his contemporary exchange deals illegal President Donald Trump s sweeping tariff powers and contemporary contract deals could soon run into a legal buzzsaw A federal appeals court is set to hear oral arguments next week in a high-profile lawsuit challenging Trump s stated authority to effectively slap tariffs at any level on any country at any time so long as he deems them necessary to address a national urgency The Trump administration says that that expansive tariff power derives from the International Urgency Economic Powers Act or IEEPA The bulk of Trump s biggest tariffs including his fentanyl-related duties on Canada Mexico and China and the worldwide reciprocal tariffs he first unveiled in early April rest on his invocation of that law The U S Court of International Agreement struck those tariffs down in late May ruling that Trump exceeded his authority under IEEPA Spencer Platt Getty ImagesPeople walk past the United States Court of International Exchange Watson Courthouse in lower Manhattan on May in New York City But the U S Court of Appeals for the Federal Circuit fleetly paused that decision keeping the tariffs in effect while Trump s legal challenge plays out The circumstance known as V O S Selections v Trump is the furthest along of more than half a dozen federal lawsuits challenging Trump s use of the emergency-powers law It s set for oral argument before the Federal Circuit on Thursday morning I think the tariffs are at hazard noted Ted Murphy partner and head of global business practice at law firm Sidley Austin in an interview with CNBC The law has never been used for this purpose and it s being used quite broadly Murphy mentioned So I think there are legitimate questions V O S IEEPA gives Trump particular powers to deal with national emergencies stemming from any remarkable and extraordinary threat that comes in whole or in large part from outside the U S But attorneys representing the handful of small businesses that sued Trump argue that the law does not let him unilaterally impose tariffs IEEPA nowhere mentions tariffs duties imposts or taxes and no other President in the statute s nearly -year history has claimed that it authorizes tariffs they wrote in a court brief this month Attorneys for Trump and his administration however argue that Congress has long empowered presidents to impose tariffs to address key national concerns They argue that the statute s language authorizing Trump to regulate importation means he can use it to impose tariffs Supreme Court incoming No matter how the Federal Circuit ultimately rules in V O S the event appears destined for the Supreme Court which bears a - conservative majority and includes three justices appointed by Trump But specific experts still expect that Trump s IEEPA tariffs will be scrapped Trump will seemingly continue to lose in the lower courts and we believe the Supreme Court is highly unlikely to rule in his favor U S program analysts from Piper Sandler wrote in a research note Friday morning The analysts wrote that such a loss would effectively mean the collapse of almost every exchange advancement that Trump has held up as an accomplishment during his first six months in office If the Supreme Court rules against Trump all of the agreement deals Trump has reached in up-to-date weeks and those he will reach in the coming days are illegal the analysts wrote So are his letters informing countries of their new tariffs the current minimum and the reciprocal tariffs he has proposed or threatened they added On what authority It is technically unclear whether everything Piper Sandler describes is undergirded by IEEPA For instance Trump has in recent days communicated only the broad outlines of exchange agreements with Japan Vietnam Indonesia and the Philippines and those deals have yet to be finalized However Trump in mid-June signed an executive order specifying that he is invoking the emergency-powers law as part of a U S business agreement with the United Kingdom Brendan Smialowski Afp Getty ImagesUS President Donald Trump L shakes hands with British Prime Minister Keir Starmer as they speak to reporters after meeting during the Group of Seven G Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis Alberta Canada on June Trump this month has also sent letters to individual world leaders dictating the new tariff rates that their countries U S exports will face starting Aug That is the date when Trump s reciprocal tariffs on dozens of countries imports which were unveiled in early April and then repeatedly put on pause are set to turn back on Trump has mentioned that his letters are tantamount to bilateral pact deals Those letters do not explicitly reference IEEPA But their language echoes the same arguments about unfair transaction deficits and national assurance that Trump invoked during his reciprocal tariff rollout The Administration is legally and fairly using tariff powers that have been granted to the executive branch by the Constitution and Congress to level the playing field for American workers and safeguard our national defense White House spokesman Kush Desai recounted CNBC Trump s bargain deals and tariffs are on the chopping block in courtNew bill would reward companies that give stock to rank-and-file employeesDOJ asks Epstein accomplice Maxwell about different people lawyer saysWhat Europe s response to a no-deal with Trump could look likeTrump deflects Jeffrey Epstein questions as Ghislaine Maxwell sits for second DOJ interviewTrump spars with Powell over renovation costs during Fed visit but backs off firing threatsTrump Commerce Secretary Lutnick says U S auto CEOs are cool with higher tariffs than JapanJeffrey Epstein accomplice Ghislaine Maxwell expected to meet with DOJ on ThursdayTrump to visit Federal Reserve escalating campaign against Chair PowellTrump was described his name was in Jeffrey Epstein files before DOJ withheld documents WSJ The White House ignored CNBC s request to confirm that Trump s leader-to-leader letters and the tariff rates set in his current spate of commerce deals hinge on IEEPA authority It has however authenticated that the massive tariff Trump set on imports from Brazil did in fact rely on IEEPA powers Strangely that letter focused less on agreement and more on Trump s gripes about Brazil s medication of its former president Jair Bolsonaro who is facing trial over his role in an alleged coup to overturn his reelection loss Other cases One day after the federal arrangement court issued its May decision in V O S U S District Judge Rudolph Contreras delivered an even broader ruling against the Trump administration in a separate situation in Washington D C federal court The three-judge panel in V O S specifically revealed that chosen of the tariffs Trump had imposed were unauthorized by IEEPA But Contreras in the development known as Learning Support Inc v Trump ruled that the law itself does not allow a president to take any unilateral tariff actions The administration appealed that ruling to the U S Court of Appeals for the D C Circuit which paused a preliminary injunction that Contreras had issued Oral arguments in the event are set for Sept Two other federal lawsuits challenging the tariffs one from the state of California and one filed in Montana federal court by members of the indigenous Blackfeet nation are set for separate oral arguments on Sept before the U S Court of Appeals for the Ninth Circuit At least three more pending cases before the Court of International Pact have been stayed until a final decision is returned in V O S according to the Congressional Research Arrangement