Last mentioned: 7h ago
Geneva Summit
Scheduled meeting between Abbas Araghchi and Steve Witkoff to discuss the nuclear draft.
SCOTUS Ruling & Tariff Pivot
Supreme Court strikes down IEEPA tariff use; Trump announces 15% global tariff.
Final Decision
SCOTUS rules 6-3 to limit unilateral executive tariff authority.
Draft Proposal Initiated
Iran begins drafting a new nuclear proposal following preliminary talks.
SCOTUS Certiorari
Supreme Court agrees to hear the case to address the scope of IEEPA.
Appellate Ruling
Federal Circuit upholds broad executive discretion, leading to SCOTUS appeal.
Initial Challenge
Trade associations file suit against executive tariff overreach in the CIT.
The U.S. Supreme Court has struck down the executive branch's use of emergency laws to impose broad tariffs, forcing a pivot to a new 15% global tariff framework. Simultaneously, the U.S. is engaging in high-stakes diplomacy with Iran in Geneva, backed by a massive military buildup, to secure a new nuclear agreement.
A landmark Supreme Court ruling has redefined the boundaries of executive authority regarding international trade tariffs, signaling a shift toward stricter judicial oversight and legislative authorization. The decision creates a complex new compliance environment for multinational corporations and a surge in demand for sophisticated RegTech trade management solutions.