The U.S. Court of Appeals temporarily stays a ruling against President Donald Trump's tariffs, questioning the extent of presidential power under the IEEPA until June.

A three-judge panel of the U.S. Court of International Trade ruled Wednesday that Trump overstepped his authority when he invoked the 1977 International Emergency Economic Powers Act to declare a national emergency and plaster taxes – tariffs – on imports from almost every country in the world.

President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies — Apple and Mattel — with tariffs aimed at their key products over comments by their CEOs.

With less than 24 hours to go before tariffs on steel and aluminium double to 50%, the Trump administration is fighting a federal court ruling that some of its sweeping tariffs are illegal.

A U.S. District Court judge on Monday dismissed California officials’ lawsuit over President Donald Trump’s tariffs, concluding the case belongs in an out-of-state court that specializes in trade disputes.

Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.

U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview with Fox News Sunday, saying talks were ongoing.