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Analysis US Supreme Court ruling shakes legal basis of Trump tariff dealsSection 122 and 301 replace IEEPA, raising doubts over durability of executive trade agreements with allies The U.S. Supreme Court’s rejection of International Emergency Economic Powers Act (IEEPA)-based tariffs has destabilized the legal foundation of U.S. tariff agreements and introduced uncertainty into trade frameworks that allies had treated as stabilizing anchors. In the days following the ruling, President Donald Trump imposed a 15% global import surcharge under Section 122 of the Trade Act of 1974 and directed the U.S. Trade Representative (USTR) to pursue new Section 301 investigations against major trading partners. The European Parliament suspended legislative work tied to the Turnberry Deal, while Japanese officials sought clarification from Washington. Seoul reaffirmedthat its existing © Korea Risk Group. All rights reserved. |





