Last mentioned: 1d ago
Executive Response
President Trump issues a statement condemning the ruling as a 'betrayal of American industry.'
SCOTUS Ruling
The Supreme Court issues its final decision upending the unilateral tariff authority.
Legal Challenge
A coalition of retailers and manufacturers files suit, alleging the executive exceeded its authority under the IEEPA.
Tariff Expansion
The administration announces a new round of universal baseline tariffs via executive order.
President Trump has officially raised the universal global tariff rate to 15%, a move that fundamentally alters the cost structure of international trade. This policy shift is expected to trigger widespread supply chain restructuring and significant inflationary pressure on imported goods.
The U.S. Supreme Court has issued a landmark ruling curtailing the President's authority to unilaterally impose tariffs, sparking a significant legal and political confrontation. This decision forces a massive recalibration of global supply chain strategies that had been built around aggressive protectionist trade policies.