Last mentioned: 1d ago
Levy Expiration
The 150-day emergency tariff window is set to expire unless further action is taken.
Market Reaction
Businesses begin assessing refund eligibility while bracing for new 10% duties.
15% Tariff Hike
Trump increases the global duty to 15%, citing a thorough review of the 'anti-American' court decision.
SCOTUS Ruling
Supreme Court issues 6-3 decision striking down unilateral executive tariff powers.
Market Reaction
Stock markets surge on news of the ruling before cooling due to trade uncertainty.
Executive Response
Trump signs order repealing old tariffs but issues a new 10% levy proclamation.
SCOTUS Ruling
Supreme Court strikes down the tariffs in a 6-3 decision, citing executive overreach.
New Tariff Announcement
Hours after the ruling, the White House announces a new 10% worldwide tariff regime.
Supreme Court Ruling
SCOTUS rules 6-3 that Trump's use of the 1977 emergency powers act for tariffs is illegal.
10% Levy Proposed
Trump initially announces a new 10% global tariff via a different legal avenue immediately after the ruling.
Liberation Day
President Trump introduces sweeping global tariffs on Mexico, China, and Canada.
President Trump has doubled down on his protectionist agenda by raising global import duties to 15%, circumventing a Supreme Court ruling that struck down his previous tariff framework. This temporary measure aims to maintain aggressive trade pressure while navigating legal constraints, signaling a period of heightened volatility for global supply chains.
The US Supreme Court ruled 6-3 that President Trump overstepped his executive authority with sweeping global tariffs, potentially triggering billions in corporate refunds. In an immediate pivot, the White House announced a new 10% worldwide tariff, signaling a period of intense regulatory volatility for global supply chains.
The U.S. Supreme Court has issued a landmark 6-3 ruling curbing the President's ability to unilaterally impose global tariffs, upending a year of trade policy. In a defiant response, President Trump has implemented a temporary 10% emergency levy on nearly all imports, creating fresh uncertainty for global supply chains.