Last mentioned: 2d ago
Vance Response
Vice President JD Vance issues a statement accusing the court of 'lawlessness.'
SCOTUS Ruling
The Supreme Court strikes down the tariffs, leading to a market rally in the apparel and auto sectors.
Supreme Court Ruling
The Court issues a 6-3 decision striking down the tariffs as an unconstitutional exercise of power.
Legal Challenges Mount
A coalition of importers and trade groups files suit against the Department of Commerce.
Legal Challenges Filed
Trade groups and major importers file lawsuits challenging the constitutional basis of the tariffs.
Global Tariffs Imposed
Administration announces sweeping global tariffs on a wide range of consumer and industrial goods.
Trump Inauguration
President Trump returns to the White House and signals immediate trade policy shifts.
Tariff Implementation
The administration enacts broad executive tariffs citing national security concerns.
Vice President JD Vance has issued a scathing rebuke of the U.S. Supreme Court following its decision to strike down the administration's executive tariffs. Labeling the ruling as 'lawlessness,' Vance signaled a deepening constitutional rift over the executive branch's authority to regulate international commerce and national security.
The U.S. Supreme Court has invalidated President Donald Trump’s sweeping global tariff regime, marking a significant legal setback for the administration’s protectionist trade agenda. The ruling has triggered an immediate market rally, particularly within the apparel and automotive sectors, as investors price in reduced supply chain costs.