Group 1 - The U.S. Court of Appeals ruled that most of Trump's global tariff policies are illegal, stating that the International Emergency Economic Powers Act does not grant the president the authority to impose tariffs [1][2][8] - The tariffs will remain in effect until October 14 to allow the Supreme Court time to review the case, despite Trump's criticism of the ruling [3][9][10] - The ruling does not affect industry tariffs imposed under the Trade Expansion Act of 1962, particularly those on automobiles, steel, and aluminum [4][12] Group 2 - The ruling highlights the boundaries of presidential power, emphasizing that trade powers are constitutionally assigned to Congress [6][8] - Trump's administration may expand the coverage of Section 232 tariffs as a contingency plan to maintain its trade agenda, even if the "reciprocal tariffs" are overturned [5][16][17] Group 3 - The expansion of industry tariffs is accelerating, with over 400 product lines added to steel and aluminum tariffs, imposing up to 50% tariffs on these products [18][19] - The total value of imported finished products affected by the latest metal tariffs exceeds $300 billion, indicating a broad impact on various sectors [20] - The U.S. government plans to open application windows three times a year for companies to include more products under tariff coverage, with the next application window starting in September [21][22][23]

Group 1 - The recent phone call between US President Trump and EU Commission President von der Leyen has injected "new momentum" into trade negotiations, with Trump backing off from a 50% tariff threat on EU imports [1] - The EU is preparing for a meeting between trade representatives to discuss the next steps in negotiations, indicating a willingness to accelerate talks and maintain close communication [1][2] - Despite the temporary relief from tariffs, concerns remain among EU businesses about the unpredictability of US trade policies and the potential for future tariffs [2][3] Group 2 - EU companies, including major automotive manufacturers like Mercedes-Benz, Volkswagen, and BMW, are seeking clarity on how to plan for potential tariffs and the evolving trade environment [2] - The EU currently faces a 25% tariff on steel and aluminum, with a potential increase to 50% on various goods if no agreement is reached by July [4] - The uncertainty surrounding the applicability of the 50% tariff threat raises concerns about its impact on consumer prices for a wide range of products, from luxury goods to automotive [4]