Last mentioned: 2d ago
SCOTUS Ruling
Supreme Court invalidates the global tariffs in a 6-3 decision.
White House Pivot
Administration announces a new 10% worldwide tariff and vows to fight refunds.
Liberation Day
President Trump expands tariffs to dozens of global trading partners using IEEPA.
Refund Litigation
Expected period of prolonged legal battles over duty recovery for importers.
White House Response
President Trump criticizes the court and announces the development of a backup trade plan.
Supreme Court Ruling
SCOTUS invalidates the tariffs, ruling the President exceeded his legal authority.
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 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.
The U.S. Supreme Court has ruled 6-3 that President Trump overstepped his executive authority by using the International Emergency Economic Powers Act to impose sweeping global tariffs. In immediate defiance, the White House announced a new 10% worldwide tariff and signaled a protracted legal battle over potential tax refunds for importers.