Trump tariffs live updates: Trump raises 'global' tariff to 15%; EU postpones vote on US deal

The fallout continues from the Supreme Court's ruling invalidating a broad swath of President Trump's second-term tariff program, scrambling the US trade landscape just over one year into Trump’s second term.

On Monday, the US Customs and Border Protection agency said that it will stop all collections of tariffs imposed under the International Emergency Economic Powers Act (IEEPA) as of 12:01 a.m. EST on Tuesday. The agency said in a message to shippers on its Cargo Systems Messaging Service that it will deactivate all tariff codes associated with President Trump's IEEPA-related orders.

Elsewhere, European Union lawmakers postponed a vote to ratify the EU's trade deal with the US, saying it needs "full clarity" on Trump's next steps before proceeding.

Trump has spent the last several days furiously responding to the high court's ruling. On Friday, he imposed a "global" tariff under Section 122 of the Trade Act of 1974. That statute allows the president to impose tariffs of up to 15% for up to 150 days to address trade deficits. After 150 days, Congress would need to approve any extension. That authority, however, has never been used to impose tariffs.

The president signed an executive order late Friday imposing the 10% tariffs under Section 122. Then on Saturday, he raised the levy to 15%.

The decision will have wide-ranging ramifications, affecting global trade, consumers, companies, inflation and the pocketbooks of every American. In recent weeks, Trump has already made plans to roll back some tariffs on metals, including on steel and aluminum goods, as he and his administration seek to battle an affordability crisis ahead of the midterm elections.

The SCOTUS ruling also raised the question of refunds, which could return over $100 billion to importers in the months ahead.

Read more: *What Trump promised with his 'Liberation Day' tariffs — and what he delivered*

US to stop collecting tariffs deemed illegal by Supreme Court on Tuesday

The US Customs and Border Protection agency said that it will stop all collections of tariffs imposed under the International Emergency Economic Powers Act (IEEPA) as of 12:01 am EST on Tuesday.

This latest move comes just days after the US Supreme Court struck down President Trump's tariffs, declaring them illegal and finding that the president overstepped his authority when he enforced them, saying he should have gone to Congress first.

The Supreme Court's decision to strike down Trump's tariffs has caused a ripple effect across markets, with stocks, gold, bitcoin, and oil all affected by the fallout. The question also remains whether the Trump administration will have to repay the billions in tariff revenue it collected as part of its "Liberation Day" tariffs.

Some countries have said they will stick to the tariff deals they agreed with the US, but experts believe that the SCOTUS decision could provide leverage for some of the US's biggest trading partners, such as China, India and the EU.

Reuters reports:

'We don't want to be some sort of hostage': EU considers response to latest Trump tariffs

France's trade minister on Saturday said the European Union has the tools to respond to President Trump's latest round of tariffs, the Financial Times reported. Nicolas Forissier saiad EU members should take a "united approach" to the extra levies — now at 15% — that Trump announced a day after a Supreme Court decision invalidated most of his previous tariffs.

Italian exports to US rise 7% in 2025 despite Trump's tariffs