What will happen to Trump's tariffs after supreme court verdict?

Group 1 - The US Supreme Court ruled that Donald Trump's tariffs on foreign imports were illegal, stating he exceeded his authority and should have sought congressional approval [2][3] - The tariffs affected a wide range of countries, including the UK, China, Canada, Mexico, Japan, and EU nations, and were implemented under the International Emergency Economic Powers Act (IEEPA) [2][3] - Experts believe Trump is unlikely to abandon his tariff strategy and may explore alternative tariff regimes or trade barriers to replace lost income [4][5] Group 2 - Tariff revenues for the previous year are estimated between $240 billion and $300 billion, primarily impacting US manufacturers and consumers [7] - It is suggested that US firms have borne 90% of the tariff costs, which have largely been passed on to consumers through price increases [8] - The UK's Department for Business and Trade stated that the ruling does not affect the preferential trade deal negotiated with the US, which includes reduced tariffs on steel and automobiles [10][11] Group 3 - The European Commission is analyzing the ruling carefully, emphasizing the need for stability and predictability in the trading relationship between the US and EU [11][12] - The German confederation of industries noted that the ruling sends a strong signal for a rules-based trade order [12] - The EU parliament may pause the ratification of a trade deal with the US again based on fresh legal grounds, following previous interruptions related to tariff threats [13]