President Donald Trump starts the week with a clear public schedule on Labor Day. However, he is facing a significant challenge after a federal appeals court ruled that most of his global tariffs are unlawful. This ruling could hinder his efforts to unilaterally reshape the nation's trade policy.

In a social media post late Sunday, Trump warned that the United States could "potentially become a Third World Nation" if the Supreme Court ultimately blocks his tariffs. He stated, "In many ways, we would become a Third World Nation, with no hope of GREATNESS again," emphasizing the urgency of the situation.

The appeals court decision represents a major setback for the president, who has relied on these tariffs as a key component of his economic strategy. In a separate post, Trump asserted that prices are down and claimed there is "virtually no inflation." He defended his tariffs by stating they are generating trillions of dollars from countries that have previously taken advantage of the U.S.

As the legal battle continues, the implications of the court's ruling could have far-reaching effects on the U.S. economy and its trade relationships.