A recent federal appeals court ruling declared a substantial number of Trump’s tariffs illegal, presenting a major challenge to his trade policies and leading to considerable confusion among U.S. trade allies. With the Supreme Court potentially reviewing the case, Trump faces the prospect of having to return up to $100 billion in tariffs. Critics argue that these tariffs could have dire economic consequences, with some warning it might signal financial ruin for the U.S. administration if overturned. Amidst these tensions, market responses have been mixed, indicating uncertainty as investors await further developments. White House officials and Trump’s aides are scrambling to defend the legality of these tariffs, positioning the ruling as a significant blow to Trump’s agenda.