President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
Near-term relief from the 6-3 court decision could be short-lived and counteracted, said Anirban Basu, chief economist at Associated Builders and Contractors.
America's supply-chain bosses are experiencing a fresh bout of uncertainty after Friday's tariff ruling by the Supreme Court.
In a 6-3 ruling, justices upended the Trump administration’s signature economic policy, potentially putting the US government on the hook for at least $175 billion in tariff refunds.
Shares of a range of consumer-oriented companies rose Friday following the Supreme Court's ruling that struck down many of the Trump administration's tariffs.