Trump: Tariff decision "an emergency," will appeal as soon as Wednesday

What they're saying: "This decision's an overhang," Trump said on "The Scott Jennings Radio Show" on Tuesday. "It's an emergency."

• "We're going in as an emergency — we'll be probably be doing it tomorrow ... you see the stock market, this decision is an emergency."
• "There's a pall over the country waiting for the Supreme Court," Trump said.

By the numbers: Stocks were down more than 1% Tuesday afternoon, in part as bond yields rose sharply over concerns about the impact of lost tariff revenue.

The intrigue: Trump and top White House economic officials have warned about severe consequences if tariffs are not allowed to continue, including the disappearance of tariff revenues.

• "If that decision would be lost it would be an economic disaster for the United States," Trump said on Tuesday.

• "Our country will be weak, pathetic and not rich" if the tariffs are reversed, Trump said, adding that the levies have acted as leverage in negotiated peace deals.

What to watch: On Friday, a federal appeals court ruled that most of Trump's tariffs were illegal but said they could stay in effect until Oct. 14 while the administration files for an appeal.

• Such an appeal might come as soon as tomorrow, Trump said.

This is a developing story.