President Trump's Executive Orders On Tariffs: Where We Are Now

Through a series of Executive Orders issued in Q1 and Q2 2025, President Trump imposed wide-ranging and, in some cases, significant tariffs on imports to the United States. In late May, those tariffs were held to be unconstitutional and were permanently enjoined nationwide. The Government appealed to the Federal Circuit, which has granted a brief administrative stay of enforcement of the Judgment until it can consider the appeal on the merits in late July.

In June, the U.S. Supreme Court reached a decision in an unrelated executive order case which held that federal courts do not have the authority to issue universal injunctions. Concurrently, U.S.-Canada trade talks—which many hoped would alleviate the economic uncertainty between the two countries—broke down when President Trump announced the imposition of 35% tariffs on Canadian good effective August 1, 2025. Unpredictability remains certain, at least for now.