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Tariffs, flight cancellations, OpenAI’s spending reset and more in Morning Squawk

Supreme Court blocks Trump tariffs; new 10-15% global levy announced amid refund exposure

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Tariffs, flight cancellations, OpenAI’s spending reset and more in Morning Squawk

Why This Matters

Why this matters: Tariff uncertainty and potential $175B+ government refunds create immediate supply chain and tax planning risks for finance teams managing international operations.

Tariffs, flight cancellations, OpenAI's spending reset and more in Morning Squawk

The Supreme Court struck down many of President Trump's tariffs in a 6-3 decision, ruling the law doesn't authorize presidential tariff authority, potentially exposing the government to over $175 billion in refunds. Trump responded by announcing a new 10% global levy that he subsequently increased to 15%, drawing criticism from European leaders and creating uncertainty around existing trade deals.

Originally Reported By
CNBC

CNBC

cnbc.com

Why We Covered This

Finance leaders must reassess cost structures, supplier contracts, and cash flow forecasts given tariff policy reversals and new levy announcements affecting international trade.

Key Takeaways
The Supreme Court struck down many of President Trump's tariffs in a 6-3 decision, ruling the law doesn't authorize presidential tariff authority, potentially exposing the government to over $175 billion in refunds.
Trump responded by announcing a new 10% global levy that he subsequently increased to 15%, drawing criticism from European leaders and creating uncertainty around existing trade deals.
PeopleTrump- President
Key Figures
$175B refund_exposurePotential government refunds from struck-down tariffs%10-15% tariff_rateNew global levy announced and increased by Trump
Affected Workflows
ForecastingBudgetingVendor ManagementTreasury
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WRITTEN BY

David Okafor

Treasury and cash management specialist covering working capital optimization.

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