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US Supreme Court Overturns Trump’s Emergency Tariffs

The ruling strikes down the so-called ‘Liberation Day’ tariffs that sent a shockwave through the fashion industry and sets the stage for a rush of brands trying to recoup duties they’ve already paid.
Fashion was rocked by Trump's tariff announcements, which directly impact some of the  industry's biggest manufacturing hubs.
The ruling strikes down the so-called ‘Liberation Day’ tariffs that sent a shockwave through the fashion industry and sets the stage for a rush of brands trying to recoup duties they’ve already paid. (Getty Images)

The US Supreme Court overturned president Donald Trump’s so-called Liberation Day tariffs on Friday, striking down the sweeping duties that had cost businesses billions in fees and opening the door to a flood of potential petitions for refunds on levies already paid.

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