#TrumpTariffs 📅 What Are the “Liberation Day” Tariffs?

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📉 Economic & Business Impacts

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Industry pain:

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⚖️ Legal & Policy Developments

On May 28, 2025, a federal court (Court of International Trade) ruled the IEEPA‑based tariffs unconstitutional, issuing an injunction to halt them .

The ruling is on hold pending appeal, so tariffs remain in place for now. Appeals are ongoing; oral arguments are set for July 31, 2025 .

A 90-day pause on many reciprocal tariffs (except China) was instituted after market backlash and expires July 8, 2025 .

🔚 Bottom Line

These tariffs represent the steepest U.S. tariff increase in a century, raising the average to ~15