How the Supreme Court Tariff Ruling Impacts Boards

To help management teams handle economic uncertainty, directors should monitor ongoing changes to tariff policies.

Even for those paying close attention, it has been challenging to stay current with the volume of changes to America’s tariff policies. In February, the US Supreme Court struck down many of the Trump administration's 2025 levies, which may result in the government issuing more than $100 billion in refunds to the entities that paid these duties. Since then, the administration has imposed new, broader levies on imports and has begun investigating alleged unfair trade practices in dozens of nations as a possible precursor to additional tariffs. 

These shifts have created challenges for board members, who must stay informed of policy developments and ensure they are sufficiently overseeing management’s response to supply chain disruption. ...