It's about many billions: Can companies now claim back US tariffs?
European companies are facing renewed uncertainty following a US Supreme Court ruling that deemed many tariffs imposed by President Trump unlawful, potentially complicating international trade further.
The recent ruling by the US Supreme Court, which largely declared the tariffs imposed during Trump's presidency as unlawful, has led to a wave of uncertainty among European businesses. Industries ranging from Italian winemakers and Irish whiskey producers to German chemical companies and French cosmetics firms are grappling with the implications of this decision. Initially, there was a sense of relief following the ruling, but that quickly turned into disappointment as companies recognized that the uncertainty surrounding international trade might escalate.