Trump's tariffs, which were initially blocked by the court, are back in effect until June 9, pending further arguments and a permanent ruling.
The court ruled that the president does not have the authority to control trade under the Emergency Economic Powers Act, stating that it falls under Congress' jurisdiction.
Apple is among the companies that will be heavily impacted by the tariffs, potentially facing a loss of $900 million in Q2 2025 due to its extensive international supply chain investments.
The uncertainty surrounding Apple's situation may lead to a considerable increase in iPhone 17 prices this year.