Overview
- In a 6–3 ruling, the Court said the president exceeded his authority by using the IEEPA to impose broad country tariffs, reaffirming that tariff power rests with Congress.
- Product‑specific measures such as steel and aluminum duties under Section 232 remain in force, while many country‑wide 'reciprocal' tariffs — including roughly 15% on most EU goods — are invalidated.
- Trump has announced a global 15% import surcharge under a 1974 statute, described as temporary for up to 150 days and additive to existing tariffs, with limited exemptions and likely legal challenges.
- Refunds for previously collected duties remain unresolved, with economists estimating roughly $175 billion at stake and companies already pursuing claims that could take years to resolve.
- EU officials are analyzing the ruling, the European Parliament’s trade team meets Monday, and Germany signaled a push for stability as businesses warn of ongoing uncertainty over costs and supply chains.