Ruling against Trump’s tariffs creates new uncertainty in US trade relations with China

Fresh off a Supreme Court loss, Trump could face new challenges on tariffs

WASHINGTON -- Since the Supreme Court last week struck down his use of an emergency law to impose tariffs, President Donald Trump has drawn on another novel and unproven legal provision in a bid to replace them.

The Supreme Court has curbed Trump’s ability to bully his allies. But tariffs were never going to end the US trade deficit

New US tariffs set at 10% have come into effect, days after the country’s Supreme Court blocked the bulk of President Donald Trump’s sweeping import taxes. The shock move came as a major blow to the president’s determination to rebalance US trade and bring manufacturing back home. For more than 30 years, the United States has been importing substantially more goods and services from the rest of the world than it exports. In many ways, this trade…

Trump’s new tariffs are just as illegal as his old tariffs

President Trump speaks during a press conference at the White House on February 20, 2026. (Kyle Mazza/Anadolu via Getty Images)On Friday, the Supreme Court struck down sweeping tariffs that President Trump had imposed globally. Trump had claimed authority under a 1977 law, the International Emergency Economic Powers Act (IEEPA). But the IEEPA did not mention tariffs and, in a 6-3 decision, the Supreme Court ruled that Trump exceeded his authorit…

Critics Warn Trump’s New Tariffs May Be Illegal

WASHINGTON, D.C. — Hours after the Supreme Court struck down President Donald Trump’s emergency tariffs,

Dow sinks more than 700 points as tariff uncertainty roils markets

By John Towfighi, CNN New York (CNN) — Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs continued to swirl on Wall Street. The Dow was down 742 points, or 1.5%, in mid-morning trading. The broader S&P 500 fell 1.04%, and the tech-heavy Nasdaq Composite fell 1.2%. After the Supreme Court on Friday struck down the tariffs Trump had levied using an emergency powers law…

Trump tariff defeat a good ‘signal’ but here’s why Ontario businesses aren’t celebrating just yet

The U.S. Supreme Court struck down U.S. president's reciprocal tariffs but decision doesn't alleviate uncertainty for Canadian exporters, Ontario steel manufacturers or Canada-U.S. trade relations.