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Parliament Vote
Scheduled vote for the EU-US trade deal in the European Parliament (now in doubt).
EU Response
European Commission demands the US honor the existing Joint Statement trade deal.
White House Response
President Trump criticizes the court and announces the development of a backup trade plan.
Tariff Hike
President Trump announces a 15% global import duty despite the court ruling.
Supreme Court Ruling
SCOTUS invalidates the tariffs, ruling the President exceeded his legal authority.
SCOTUS Ruling
US Supreme Court rules much of the administration's tariff campaign under IEEPA is illegal.
Revenue Milestone
US government reaches $134 billion in total levies collected from the new tariffs.
Tariff Implementation
Trump administration begins imposing sweeping tariffs under IEEPA authority.
The European Commission is urging the United States to uphold a bilateral trade agreement following President Trump's decision to implement a 15% global import duty. This move comes immediately after a US Supreme Court ruling against the administration's use of emergency powers for tariffs, creating significant volatility for international supply chains.
The US Supreme Court has invalidated the Trump administration's sweeping tariff program, ruling that the 1977 International Emergency Economic Powers Act does not grant the President authority to impose broad import duties. This landmark decision disrupts the administration's signature trade policy and creates a complex legal path for the $134 billion in levies already collected.