Regardless of the outcome of the tariff litigation, tariffs are likely to continue in some form. Falling recession odds and AI spending continue to send stocks higher.

This essentially gives the courts more time to consider the legal issues at play and to determine what type of authority the administration has, in a case that will probably be ruled on by the Supreme Court.

Business owner Victor Owen Schwartz teamed up with a libertarian legal group to fight in a landmark case.

President Trump said on Friday that he would double the tariffs he had levied on foreign steel and aluminum to 50 percent, a move that he claimed would further protect the industry.