Trump's Global Tariffs Struck Down by US Supreme Court

The U.S. Supreme Court struck down a set of global tariffs linked to former President Trump, and analysis before the ruling estimated the U.S. average effective tariff rate could fall from 13.6% to about 6.5%; tariffs on steel, aluminum and autos were enacted under a different law and were not affected.

The U.S. Supreme Court struck down a set of global tariffs tied to actions by former President Trump. Analysts before the ruling estimated a broad decision against the tariffs could reduce the U.S. average effective tariff rate from 13.6% to about 6.5%, a level not seen since March. Tariffs enacted under a different statute — including measures on steel, aluminum and automobiles — were not affected. The ruling occurred while the president was meeting privately with a bipartisan group of governors. Key points: - The Supreme Court invalidated a set of global tariffs connected to actions by former President Trump. - Pre-ruling analysis estimated the U.S. average effective tariff rate could fall from 13.6% to about 6.5%. - Tariffs on steel, aluminum and automobiles were enacted under a different law and were not changed by this decision. - The decision came during a private meeting the president held with governors; an attendee said he reacted negatively and mentioned pursuing an alternative plan. - The White House and the U.S. Trade Representative had not issued a public comment at the time of the report. Summary: The court's ruling could lead to a substantial reduction in the U.S. average tariff rate and alter aspects of trade policy. It does not affect tariffs imposed under a separate statute for steel, aluminum and automobiles. Officials have not announced any formal next procedural steps. Undetermined at this time.