The Supreme Court just gave President Trump a temporary victory on his tariffs, agreeing to hear arguments on the case and allowing them to stay in place for now.

The Supreme Court announced Tuesday that it has agreed to hear arguments over President Donald Trump’s tariffs, in a fast-moving appeal that questions the legality of the economic policy.

The tariffs will remain in place while the justices hear the case in November. The states and small businesses challenging the tariffs also agreed to the timetable for the case.

Two lower courts have ruled that most of the tariffs were illegally imposed, though an appeals court has left them in place for now. The cases involve two groups of import taxes, including ones announced in February on Canadian, Chinese and Mexican imports. It also involved the “Liberation Day” tariffs first announced in April.

President Trump asked the court to intervene quickly, arguing the country would be on the “brink of economic catastrophe” without the authority to tariff.

“We’re going to ask for expedited, an expedited ruling because you know, when you look at the stock market’s down today, the stock market’s down because of that, because the stock market needs the tariffs, they want the tariffs,” Trump said.

 
They have agreed to fast-tract the case as well:

The Supreme Court on Tuesday agreed to fast track a case challenging President Donald Trump’s use of emergency powers to impose tariffs on countries around the world.

The action potentially sets the stage for the justices to rule by the end of the year, in line with the Trump administration’s request for a quick decision.

The high court set oral arguments for the first week of November and laid out an expedited schedule for both sides to file briefs ahead of that date.

At issue in the cases are the tens of billions of dollars of tariffs that Trump has collected since February under a nearly 50-year-old piece of legislation known as the International Emergency Economic Powers Act.