Legal battles intensify over Trump's tariffs, with the administration appealing court decisions that challenge the use of IEEPA for economic policy enforcement.

The Trump administration has asked a federal appeals court to block an order last week that found the president's sweeping tariffs were "unlawful."

Discount retailer Dollar Tree said the impact of tariffs will result in lower than expected profit for the second quarter, which ends Aug. 3.

(Reuters) -Discount store operator Dollar Tree forecast its second-quarter adjusted profit to be down as much as 50% from a year ago, accounting for cost pressures due to tariffs and the pending Family Dollar sale.