Regardless of the outcome of the tariff litigation, tariffs are likely to continue in some form. Falling recession odds and AI spending continue to send stocks higher.

Last night’s court ruling that blocked some of the Trump administration’s tariffs may not change the endgame for the president’s trade policy, according to Goldman Sachs.

President Trump has a number of options at his disposal to implement tariffs, but none are as broad and aggressive as IEEPA.

As the Trump administration's appeal works its way through the American courts, what is clear is that this case will probably end up at the US Supreme Court at some point in the near future.

Court decisions striking down President Donald Trump's tariffs on dozens of countries have reduced pressure to 'cave in' to his demands, said one official.

What options does the Trump administration have? Read more at straitstimes.com. Read more at straitstimes.com.

Some sector-specific tariffs, such as on imports of steel, aluminum and automobiles, were imposed by Trump under separate authorities on national security grounds and were unaffected by the ruling.

When assessing the impact of tariffs, companies need to consider two primary factors, said McKinsey: the value-add stage at which the tariff is assessed (for example, chip-level and end-device tariffs) and how the product’s exporting country of origin is defined (such as the final value-add step or country of last substantial transformation).