'NOT GOING ANYWHERE': Tariffs here to stay despite Supreme Court blow

Tariff Changes and Economic Impact - The Supreme Court has overturned some of President Trump's tariffs, leading to immediate responses from the Trump administration, including the announcement of global tariffs starting at 10% and later raised to 15% [2][4] - Treasury Secretary Scott Bessant indicated that revenue from tariffs is expected to remain stable, with projections for 2026 revenues unchanged despite the recent legal challenges [2][4] - The new tariffs will be layered with existing tariffs under sections 232, 301, and 122, which will last for 150 days, during which studies are expected to lead to increased tariff revenues [5][9] Business Uncertainty - The Supreme Court ruling has created significant uncertainty for U.S. businesses, complicating long-term planning as companies navigate the evolving tariff landscape [9][10] - There are exemptions to the 15% tariff for USMCA compliant goods, critical minerals, energy, and natural resources, which may provide some relief to affected industries [11][12] - The potential for a more structured tariff regime with clearer economic justification is anticipated, especially if the president seeks to extend section 122 [12][13] International Relations and Trade Deals - The European Union is seeking clarity on the Supreme Court's decision and is urging President Trump to adhere to previously agreed trade deals [6] - Ongoing negotiations with foreign trading partners indicate a preference for the current tariff arrangements, suggesting a level of international support for the administration's trade policies [5][6] - The administration is also pursuing new bilateral trade deals with Mexico and Canada, which may further influence tariff structures and international trade dynamics [11]