In terms of the overall impact on Donald Trump's tariff agenda, the consultancy Capital Economics estimates the court ruling would reduce the US's average external tariff this year from 15% to 6.5%. This would still be a considerable increase on the 2.5% level of 2024 and would be the highest since 1970.

President Trump's aggressive tariff strategy has led to a significant rise in federal revenues, but at what cost? While tariffs aim to boost American manufacturing, they also impose a regressive tax burden on consumers,

The legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.