International Emergency Economic Powers Act

Technology

Last mentioned: 2d ago

Timeline

  1. Market Reaction

    Businesses begin assessing refund eligibility while bracing for new 10% duties.

  2. SCOTUS Ruling

    Supreme Court strikes down the tariffs in a 6-3 decision, citing executive overreach.

  3. New Tariff Announcement

    Hours after the ruling, the White House announces a new 10% worldwide tariff regime.

  4. Liberation Day

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

Stories mentioning International Emergency Economic Powers Act 1

Policy Bearish

SCOTUS Strikes Down Global Tariffs; Trump Counters with New 10% Levy

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.

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