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Five things Canadians should know about the U.S. Supreme Court tariff ruling
The Supreme Court ruled 6-3 that IEEPA tariffs were illegal, potentially enabling Canadian businesses to seek refunds and influencing ongoing CUSMA trade negotiations.
- In a 6-3 ruling on Friday, the U.S. Supreme Court ruled tariffs imposed under the International Emergency Economic Powers Act illegal, striking down a set of President Donald Trump's tariffs.
- Amid global tariff moves, Trump used IEEPA for so-called `reciprocal tariffs` and earlier fentanyl-related tariffs, while CUSMA-compliant exports were exempt from these tariffs.
- Some Canadian businesses could seek refunds under the ruling, though William Pellerin warned the refund process will be extremely complicated and burden U.S. Customs and Border Protection; most Canadian exporters likely see little change as many U.S. firms were not paying the 35 per cent rates.
- In a Friday press conference, Trump announced 10 per cent global tariffs under Section 122, while Section 232 duties on steel, aluminum, autos and lumber remain active, and the Supreme Court ruling supports Canada's stance that IEEPA tariffs are `unjustified`.
- As the CUSMA review proceeds, the Supreme Court ruling shows Canada has gained some negotiating leverage, with William Pellerin noting judicial checks on tariffs.
48 Articles
48 Articles
Transcript: What the Supreme Court’s Tariff Ruling Means for the Energy Transition
This transcript has been automatically generated.Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, or wherever you get your podcasts.You can also add the show’s RSS feed to your podcast app to follow us directly.Robinson Meyer:[1:25] Hi, I’m Robinson Meyer, the founding executive editor of Heatmap News. It is Friday, February 20. This morning, the Supreme Court threw out President Trump’s most aggressive tariffs,…
Mexico, Canada Get Exemption to 10% US Levy But USMCA Risk Looms
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Five things Canadians should know about the U.S. Supreme Court tariff ruling
Tennessee industries could see positive shift following Supreme Court tariff ruling
Tennessee companies that compete across the globe could see improvements after the U.S. Supreme Court ruled President Donald Trump overstepped his authority when imposing tariffs under the International Emergency Economic Powers Act.
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