A panel of appeals court judges on Thursday voiced deep skepticism with the Trump administration's attempt to justify sweeping tariffs based on a national emergency.

As the clock ticks down to President Donald Trump's Aug. 1 deadline for the resumption of reciprocal tariffs, the U.S. Court of Appeals for the Federal Circuit is hearing arguments Thursday over whether Trump's sweeping tariffs are lawful.

A group of small businesses and a coalition of states are asking the appeals court to invalidate the bulk of Trump's tariffs, arguing that Trump overstepped his power when he used a decades-old economic emergency statute to enact a flurry of tariffs in April.

"The President's chaotic assertion of that purported authority, which changed by the day and wreaked havoc on capital markets

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