
Trump reconfigures tariff architecture after Supreme Court ruling
For South Africa, the 30% reciprocal rate on certain exports falls away, but a broader temporary levy now applies.

For South Africa, the 30% reciprocal rate on certain exports falls away, but a broader temporary levy now applies.

The Federal Circuit ruled most of the tariffs lack statutory authorisation but left the duties in place while the administration prepares an appeal.

Sanlam Investments says rising protectionism may accelerate global economic fragmentation and force equity investors to rethink traditional strategies.

The court cited substantial legal issues over the president’s trade powers and the risk of economic harm, directing the parties to file briefs by early June.

The White House has already filed an appeal, setting the stage for a legal battle that could reach the Supreme Court.

The ruling could strip the president of the power to levy duties without congressional approval and force the roll-back of existing levies, with major implications for businesses and global supply chains.