U.S. Treasury Department

Company

Last mentioned: 2d ago

Timeline

  1. Market Scramble

    Corporations begin filing for refunds while adjusting to the new 10% levy.

  2. SCOTUS Ruling

    The Supreme Court invalidates sweeping tariffs based on emergency powers.

  3. White House Reaction

    President Trump calls the ruling a 'disgrace' and 'deeply disappointing.'

  4. New Tariff Announcement

    A 10% universal baseline tariff is announced using alternative legal authority.

Stories mentioning U.S. Treasury Department 1

Regulation Bearish

SCOTUS Strikes Down Trump Tariffs, Triggering Immediate 10% Global Counter-Move

The U.S. Supreme Court has invalidated President Trump’s sweeping tariffs imposed under emergency powers, sparking a chaotic scramble for corporate refunds. In a defiant response, the administration has already announced a new 10% universal baseline tariff, signaling a prolonged legal and economic battle over executive trade authority.

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