One official said that the president is unlikely to delay his initial 90-day pause on some of his highest rates.

The looming legal fight injects uncertainty into President Donald Trump's evolving tariffs plan, which has upended the global economy since April 2.

The president's plan - where countries face between 11% to more than 100% tariffs on goods brought into the US - was announced in April. But the majority of the tariffs were paused by Trump for 90 days in the wake of stock market volatility.

President Trump’s top economic advisers stressed on Sunday that they would not be deterred by a recent court decision declaring many of the administration’s tariffs to be illegal, pointing to other authorities the White House could invoke to pressure China and other nations into trade negotiations.

Amid court challenges, the White House asserts confidence in President Donald Trump's tariff strategy, emphasizing the administration's focus on maintaining fair trade practices.

Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.

Wells Fargo's Christopher Harvey thinks a 10% tariff could be split evenly between importers, corporations, and consumers.

Commerce Secretary Howard Lutnick said Sunday that “tariffs are not going away” after a US appeals court paused a block on many of the Trump administration’s sweeping tariffs.