Last mentioned: 1d ago
Market Reaction
Retailers and e-commerce firms assess the impact of potential refunds vs. new duties.
SCOTUS Ruling
Supreme Court strikes down the tariffs in a 6-3 decision.
New Tariff Announcement
White House announces a new 10% worldwide tariff within hours of the ruling.
Liberation Day
President Trump imposes sweeping global tariffs using IEEPA authority.
General Motors, Ford, and Stellantis have jointly petitioned the White House for exemptions from newly proposed tariffs following a landmark Supreme Court ruling. The move aims to prevent a surge in vehicle retail prices and protect the fragile automotive supply chain from further inflationary pressures.
The U.S. Supreme Court has invalidated the administration's sweeping global trade duties in a landmark 6-3 ruling, citing an overreach of executive authority. President Trump immediately countered by announcing a new 10% worldwide tariff, signaling a protracted legal battle over billions in potential corporate refunds.