While some were successful, others are facing the prospect of no deal and increased levies.In his election campaign, Donald Trump once said that "tariff is the most beautiful word in the dictionary." With a move that shocked both politics and business across the world,

An appeals court in Washington considered President Donald Trump's sweeping tariff plan, which comes into force Aug. 1 and has sparked consternation from small businesses.

The 11-judge panel noted that the 1977 law the president relied on — the International Emergency Economic Powers Act — did not specifically grant the executive the power to impose tariffs.