IEEPA
Breaking
Geopolitics
Macro
Supreme Court Voids Executive Tariff Power, Cutting Average US Rate From 17% to 9%
6-3 ruling in Learning Resources v. Trump invalidates $1.4 trillion IEEPA tariff regime, forcing immediate duty termination and shifting trade authority back to Congress.
Breaking
Macro
Markets
Supreme Court Strikes Down Trump’s IEEPA Tariffs, Triggering $166 Billion Refund Crisis
Federal judiciary constrains executive trade authority while administration pivots to alternative tariff mechanisms, leaving markets repricing risk rather than declaring relief.
Geopolitics
Macro
Malaysia Kills US Trade Deal, Exposing Trump’s Tariff Framework Collapse
First high-profile defection signals cascading unraveling of bilateral agreements after Supreme Court ruling stripped legal foundation.