Last mentioned: 16h ago
Refund Implementation
The U.S. Court of International Trade (CIT) is expected to establish refund procedures with CBP.
Tariffs Imposed
President imposes reciprocal and drug-trafficking tariffs citing IEEPA authority.
Supreme Court Ruling
The SCOTUS declares the sweeping tariff program illegal and unconstitutional.
SCOTUS Ruling
Supreme Court strikes down the tariffs as unconstitutional in a 6-3 decision.
Legal Challenge
Importers challenge the constitutionality of using IEEPA for taxation at the CIT and Supreme Court.
Appeals Court Ruling
The appellate court upholds the tariffs, prompting an emergency appeal to the Supreme Court.
Legal Challenge Begins
A coalition of trade groups and importers files suit in the Court of International Trade.
Tariffs Imposed
The administration announces sweeping new tariffs on a wide range of industrial and consumer goods.
The U.S. Supreme Court has ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs, declaring 2025's sweeping trade levies unconstitutional. This decision creates a potential $175 billion liability for the federal government and leaves importers scrambling for a refund mechanism.
The U.S. Supreme Court has issued a landmark ruling declaring the Trump administration's broad tariff program illegal, citing an unconstitutional overreach of executive power. The decision is expected to provide immediate cost relief to U.S. importers while forcing a massive recalibration of global trade strategy.