Back in May, the U.S. Court of International Trade ruled that Trump overstepped his bounds by using IEEPA to apply tariffs. Just a day later, the decision was paused and tariffs were back on. The lawsuit was brought by a wine importer called V.O.S. Selections and four other small businesses. Analysts expect the case to reach the Supreme Court.

President Donald Trump asked the US Supreme Court to turn away a challenge to his sweeping tariffs, telling the justices they should let the legal fight develop before getting involved.