Overview
- The Court is expected to rule soon on whether the president lawfully used an emergency declaration to impose sweeping 2025 import duties, including a 10% baseline tariff.
- Officials and trade lawyers say the administration is ready to reissue tariffs under Sections 232, 301, 122, or 338, with some predicting same‑day action but with stricter findings and procedures required.
- Traders warn a defeat could leave Washington liable for billions in repayments and spark market volatility as the government races to preserve tariff revenue.
- Importers are mobilizing refund claims, with companies hiring counsel and Costco suing to protect its right to recover tariff costs if the levies are struck down.
- Analyses report higher consumer prices from the tariffs, while China and Canada retaliated earlier in the year and the U.S. later eased some duties on foods after price spikes.