U.S. Treasury Secretary Janet Besent has announced plans to appeal a recent ruling by the Federal Appeals Court that found President Donald Trump exceeded his authority in imposing tariffs under the International Emergency Economic Powers Act (IEEPA). The court ruled against Trump, who is now appealing to the U.S. Supreme Court to overturn this decision. Besent expressed concerns over the escalating trade deficit, arguing it poses a significant risk to financial stability and sustainability. President Trump has reportedly been using emergency powers to address these issues. 5. Besent believes the court will ultimately rule in favor of the government. The deadline for filing an appeal is October 14.