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Trump’s Economic Agenda Hinges on the Supreme Court’s Tariff Ruling

For the president, the power to issue limitless tariffs is at the heart of his second-term vision, from trade to foreign policy.

© Anna Rose Layden for The New York Times

President Trump and his top aides have long been aware of the risks to their aggressive trade strategy.
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Trump Administration to Appeal Ruling That Allows Lisa Cook to Remain at Fed

The administration contested a preliminary injunction, issued late Tuesday, that temporarily blocked President Trump from firing her.

© Mark Schiefelbein/Associated Press

Lisa Cook, a member of the Federal Reserve’s Board of Governors, during a board meeting in June.
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A Second Weak Jobs Report Challenges Trump’s Claim the Economy Is Booming

After a bad employment report in August, President Trump fired the official in charge of the numbers. This month’s data was just as disappointing.

© Scott McIntyre for The New York Times

The economy added only 22,000 jobs in August. President Trump’s high tariffs and mass deportations appear to have created noticeable pressure on employers.
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Justice Dept. Opens Criminal Inquiry Into Lisa Cook, Elevating Trump’s Claims

The move was instigated by Ed Martin, a Trump loyalist who has said it is legitimate for officials to publicly air criminal investigations into people targeted by the president.

© Al Drago/Bloomberg

President Trump has been trying to fire Lisa Cook, a Federal Reserve governor, over allegations that she falsified bank documents to obtain favorable terms on a mortgage.
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Trump Signals Imminent Supreme Court Appeal to Protect Tariffs

The president said he would seek expedited review of a federal appeals court’s ruling that found many of his administration’s tariffs to be illegal.

© Doug Mills/The New York Times

President Trump has maintained that any erosion in his ability to impose levies using the International Emergency Economic Powers Act will inflict damage on the United States by robbing it of both revenue and leverage.
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Trump’s Sweeping Tariffs Invalidated by Appeals Court

The decision is a big blow to President Trump’s trade policies, but the judges left the duties in place for now to allow time for a likely appeal to the Supreme Court.

© Haiyun Jiang/The New York Times

President Trump’s punishing slate of tariffs immediately drew legal challenges from small businesses and state governments.
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Fed Governor Lisa Cook Sues Trump Over Dismissal

Lisa Cook, who has not been charged with a crime, sought to retain her position, arguing her firing was “unprecedented and illegal.”

© Drew Angerer/Getty Images

Many experts have questioned the legality of President Trump’s attempt to fire Lisa Cook, a Federal Reserve governor.
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