US tariffs are back in court and politics, with Trump’s protectionist moves facing legal limits and ongoing trade chaos.
Valentine's Day flowers in the US are arriving via Miami from Colombia and Ecuador, with prices rising due to tariffs and wages. Many consumers are encouraged to choose local Australian blooms to reduce environmental impact, amid increased import costs and environmental concerns.
Following a Supreme Court ruling, the US has reimposed a 10% global tariff on imports, overriding previous tariffs deemed illegal. President Trump announced plans to raise tariffs to 15%, but legal and diplomatic uncertainties remain, impacting international trade and US relations.
The US has maintained a 10% tariff on Chinese goods for 150 days, with plans to increase to 15%. The move follows a Supreme Court ruling that invalidated previous tariffs, creating ongoing uncertainty for businesses and supply chains. Companies are considering legal actions and strategic adjustments amid fluctuating trade policies.
European Union and Australia have signed a comprehensive free-trade agreement after nearly a decade of negotiations. The deal eliminates tariffs on most goods, expands market access, and includes provisions for critical minerals, electric vehicles, and agricultural products. Both sides still need ratification, with the agreement expected to boost trade and investment.
On April 2, 2026, President Trump signed executive orders imposing up to 100% tariffs on foreign-made patented pharmaceuticals that do not meet pricing or US manufacturing conditions. Companies with pricing deals and US production face zero tariffs; others face escalating tariffs over four years. The orders also revise tariffs on steel, aluminum, and copper products to be based on full US market value.