Last mentioned: 2d ago
Refund Window Opens
Expected date for the first wave of administrative protests and refund filings by U.S. importers.
Supreme Court Ruling
The U.S. Supreme Court issues a 6-3 decision striking down the tariffs as unlawful.
Legal Challenges Mount
Retail coalitions and trade groups file lawsuits challenging the legality of the emergency declaration.
Tariff Announcement
President Trump announces the 'Liberation Day' global tariffs under emergency powers.
The U.S. Supreme Court has struck down President Trump’s sweeping global tariffs, ruling that the administration overstepped its authority under national emergency laws. This decision invalidates the 'Liberation Day' trade policy and triggers a massive wave of potential refund claims for U.S. retailers and importers.