Last mentioned: 1d ago
Tariff Expiration
Scheduled end of the 150-day emergency tariff period unless extended or challenged.
Market Volatility
Markets surge on ruling then stabilize as new 10% tariff details emerge.
Tariff Escalation
The administration hikes the global duty to 15% following a review of the court's decision.
SCOTUS Ruling
Supreme Court strikes down unilateral tariff authority in 6-3 decision.
Executive Retaliation
Trump signs executive order repealing old tariffs and proclaiming new 10% levy.
Supreme Court Ruling
The high court rules 6-3 that the President lacks authority to impose broad tariffs under the 1977 IEEPA.
Initial Response
Trump announces a new 10% global levy using an alternative legal avenue immediately after the ruling.
President Trump has unilaterally raised the global import duty to 15% just one day after the Supreme Court struck down his previous tariff framework. This move signals a significant escalation in trade volatility, forcing the e-commerce and retail sectors to brace for immediate supply chain disruptions and inflationary pressures.
The U.S. Supreme Court has stripped the executive branch of unilateral tariff-setting power in a landmark 6-3 ruling, jeopardizing $175 billion in collected duties. President Trump immediately countered by invoking emergency powers to impose a new 10% blanket tariff on most imports for a 150-day period.