The Trump administration is taking the fight over tariffs to the Supreme Court, asking the justices to rule quickly that the president has the power to impose sweeping import taxes under federal law.

The White House is expected to appeal a federal court decision that declared most of President Donald Trump's tariffs unlawful, with an administration official reportedly confirming plans to take the case to the nation's highest court.

Supreme Court ruling on Trump tariffs could spark major market shifts—expect stock declines, rising rates, and record gold highs.