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.
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.
Liberation Day
President Trump introduces sweeping global tariffs on Mexico, China, and Canada.
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.