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Anticipated Legislative Review
Congress is expected to begin reviewing existing tariff structures to align with the new judicial precedent.
Geneva Summit
Scheduled meeting between Iranian officials and U.S. envoy Steve Witkoff.
Parliamentary Pause
Bernd Lange calls for a halt on EU-US trade deal legislation in the European Parliament.
SCOTUS Ruling Issued
The US Supreme Court delivers a major defeat to the administration's tariff-imposing authority.
USTR Response
Jamieson Greer issues a statement clarifying that bilateral deals with trading partners stand despite the ruling.
EU Diplomatic Response
European Commission demands US honor the existing trade deal; Sefcovic contacts US trade officials.
Tariff Pivot
Trump announces a 15% global tariff replacement during a public address.
Diplomatic Signal
Foreign Minister Araghchi announces a draft proposal is nearly complete.
Global Tariff Hike
President Trump announces a new 15% global duty on all imports.
Supreme Court Ruling
US Supreme Court rules the administration's use of IEEPA for tariffs is illegal.
SCOTUS Ruling
Supreme Court strikes down the use of emergency laws for tariff imposition.
Joint Statement Signed
EU and US agree to a 15% tariff cap on most goods to stabilize trade.
The U.S. Supreme Court has invalidated the administration's use of emergency powers to impose tariffs, prompting President Trump to announce a replacement 15% global tariff. Meanwhile, high-stakes diplomatic talks with Iran are scheduled for Geneva this Thursday amid a massive U.S. military buildup in the Middle East.
Following a Supreme Court ruling against his trade policy, President Trump has implemented a 15% global import duty, prompting the EU to demand adherence to prior trade agreements. The move has injected fresh volatility into transatlantic relations and threatens to stall major trade legislation in the European Parliament.
The US Supreme Court's ruling against the Trump administration's unilateral tariff authority has created a legal vacuum, but USTR Jamieson Greer confirms that existing bilateral trade agreements remain legally binding. This development signals a shift from executive-led trade mandates to a more negotiated, treaty-based approach for e-commerce and retail supply chains.