SCOTUS Strikes Down IEEPA Tariffs as Trump Pivots to Section 122 Duties
The U.S. Supreme Court has ruled that President Trump’s use of the International Emergency Economic Powers Act to levy broad tariffs was illegal, providing a temporary reprieve for global trade partners. However, the administration immediately countered with a new 10% global tariff under Section 122 of the 1974 Trade Act, creating fresh uncertainty for Canadian exporters and the CUSMA framework.