Last mentioned: Mar 23, 2026
Executive Response
Trump lashes out at justices and signs EO for new 10% global tariff.
SCOTUS Ruling
Supreme Court strikes down reciprocal tariffs in a 6-3 decision.
Market Rally
Stoxx 600 and US stocks rise; Stoxx 600 hits all-time record.
SCOTUS Ruling
The Supreme Court strikes down global tariffs in a 6-3 decision, citing lack of executive authority.
Market Record
The European Stoxx 600 index hits a record high as trade tensions momentarily ease.
Executive Response
President Trump lashes out at the court and announces a new 10% Section 122 tariff.
SCOTUS Ruling Issued
The Supreme Court strikes down global reciprocal tariffs in a 6-3 vote.
Market Rally
Stoxx 600 hits record high; US stocks finish higher on refund prospects.
White House Response
President Trump lashes out at justices during a press briefing.
New Tariff Order
Trump signs executive order for a fresh 10% global tariff under Section 122.
European equities fell sharply during midday trading as investors reacted to direct threats against Middle Eastern energy infrastructure from both U.S. and Iranian officials. The Europe-wide Stoxx 600 index declined across all sectors, while crude oil prices spiked on fears of imminent supply disruptions.
The STOXX Europe 600 reached a historic high after the US Supreme Court issued a 6-3 ruling striking down President Trump’s sweeping reciprocal tariffs. While the decision offers billions in potential corporate refunds, the White House has already countered with a fresh 10% global levy, signaling a continued legal battle over trade authority.
The US Supreme Court's 6-3 ruling against the administration's 'reciprocal' tariffs has triggered a record-breaking rally in European markets and a surge in US equities. While the decision opens the door for billions in potential refunds, President Trump has immediately countered with a new 10% global levy under Section 122.
The US Supreme Court has ruled 6-3 against President Trump’s sweeping reciprocal tariffs, citing a lack of congressional authority. While the decision sparked a record-breaking rally for the Stoxx 600, Trump has already retaliated by announcing a new 10% global tariff under Section 122.
The US Supreme Court has invalidated the Trump administration's sweeping global tariffs in a landmark 6-3 ruling, citing executive overreach. While markets rallied to record highs on the news, President Trump immediately announced a new 10% 'Section 122' tariff to maintain his trade agenda.
The US Supreme Court has invalidated President Trump’s sweeping reciprocal tariffs in a landmark 6-3 ruling, citing an overreach of executive authority. The decision has triggered a global market rally, with the Stoxx 600 hitting record highs, while opening the door for billions in corporate tax refunds.