In a landmark decision, the U.S. Supreme Court has struck down the legal foundation of President Trump’s emergency tariffs — sending ripples through global markets, supply chains, and high-stakes diplomacy.
Markets reacted immediately.
China heads into the March 31 summit with new leverage.
U.S. Customs halts collection of invalidated tariffs.
But here’s the twist: the tariff era isn’t over.
While emergency powers are gone, the administration can still pivot to structured trade tools like Section 122, Section 301, and Section 232 — reshaping how future tariffs are imposed.
The real question isn’t whether tariffs remain part of U.S. trade policy.
It’s how — and under which law.
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