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The US Supreme Court has struck down emergency tariffs implemented by the Trump administration, providing immediate relief to major trading partners. China and India, previously the primary targets of these levies, are positioned to regain market share as trade barriers dissolve.
The Australian government is evaluating retaliatory measures and diplomatic options following US President Donald Trump’s imposition of a 15% blanket tariff on foreign imports. Canberra has characterized the move as unjustified, signaling a potential rift in the long-standing Australia-US trade relationship.
US Vice President JD Vance has condemned a Supreme Court decision to strike down executive-imposed tariffs, labeling the move as judicial lawlessness. The ruling marks a historic shift in trade authority, potentially dismantling protectionist barriers and forcing a massive recalibration of global supply chain cost models.