For businesses the world over the past year has been marked by the ever-changing threat of President Donald Trump’s tariffs. On February 20th the ground moved yet again—this time in their favour. America’s Supreme Court struck down the import duties imposed under the International Emergency Economic Powers Act (IEEPA), including Mr Trump’s “reciprocal” tariffs as well as levies slapped on Canada, China and Mexico for allegedly aiding the smuggling of fentanyl into America.
