U.S. Customs and Border Protection said on Monday that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act at 05:01 am GMT on Tuesday after the U.S. Supreme Court ruled those duties illegal.

President Donald Trump suffered a major setback today at the Supreme Court, which rejected his claim of sweeping tariff authority under the International Emergency Economic Powers Act (IEEPA). Trump could have avoided that embarrassing defeat if he was not so keen on asserting broad,

As the U.S. Supreme Court rules against Trump's tariffs, farmers and soybean producers have to live with the damage from trade wars.

The Supreme Court’s decision eliminated a large number of the Trump Administration’s tariffs, but other tariffs, unrelated to the International Emergency Economic Powers Act, remain.

Trump vowed to press on with tariffs — including a new 10% global levy — after the Supreme Court ruled his sweeping duties exceeded presidential authority.View on euronews

Trump had been counting on the tariffs to boost the federal budget by more than $2 trillion over the next decade and bring manufacturing back to the United States.

The Supreme Court's ruling to limit President Donald Trump's use of emergency powers to impose tariffs is forcing the administration to look to different statutory authorities to carry out its trade policy.

The ruling strikes down most of the Trump administration’s current tariffs, with more limited options to replace them.