The U.S. Supreme Court’s decision against the use of the International Emergency Economic Powers Act (IEEPA) to impose broad-based tariffs is far from the end of the U.S. tariff story.

The administration has already pivoted to new legislative authorities and opened investigations for future measures. For Canada, the implications are more limited than many would think.

In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone break down what the ruling means for trade policy and the economy. They discuss:

1. What IEEPA is, why it was struck down, and what the administration is doing instead
2. Four major statutory authorities the U.S. administration could use to reinstate or expand tariffs.
3. Why Canada’s tariff backdrop hasn’t really changed from the ruling—and what matters for the bilateral relationship going forward.