Yahoo Finance
February 24, 2026
Bengt Halvorson
Automakers and other industry stakeholders are keeping an eye on the potential spillover effects of last week’s Supreme Court ruling striking down many of President Donald Trump’s tariffs. In a 6-3 decision Friday, the court ruled against the imposition of open-ended reciprocal tariffs Trump installed under the 1977 International Emergency Economic Powers Act. The imposition of such broad tariffs, the Supreme Court ruling emphasized, are a power held only by Congress.
“While we recognize that other avenues exist for the Administration to again impose these tariffs, we continue to stress that Michigan’s businesses are disproportionately negatively impacted by tariffs, especially in our automotive, manufacturing, and agriculture sectors,” said MichAuto Executive Director Glenn Stevens Jr.
“MichAuto and the Detroit Regional Chamber continue to support the use of tariffs as a means to ensure a level playing field in global economic exchange and will work with federal officials and the U.S. Trade Representative to achieve a balanced approach to international trade. It remains our focus and objective that the governments of the United States, Canada, and Mexico extend the USMCA this year. We are stronger together with our closest trade partners.”