U.S. trading partners cheer Supreme Court tariff ruling — but businesses must still navigate ‘murky waters’
Business
World leaders during the G7 Leaders' Summit in Kananaskis, in Alberta, Canada, June 17, 2025.
Amber Bracken |ReutersU.S. trading partners offered a cautious welcome to the U.S. Supreme Court's decision Friday to strike down large parts of President Donald Trump's flagship trade policy on global tariffs — but global trade bodies warned of lingering uncertainty surrounding import levies.
The law that undergirds the import duties "does not authorize the President to impose tariffs," the majority ruled six to three in the long-awaited Supreme Court decision.
Hours after the ruling, Trump said he signed an executive order imposing a new 10% "global tariff". The "Section 122" tariffs will take effect "almost immediately," Trump said. At a White House press briefing Friday afternoon, Trump railed against the "deeply disappointing" 6-3 ruling.
Trump's tariff regime impacted a swathe of countries from the...
