US Supreme Court tosses Trump's reciprocal tariffs, Canada eyes trade talks

• US Supreme Court struck down Trump's reciprocal tariffs, including "fentanyl" tariffs, under the International Emergency Economic Powers Act (IEEPA).
• Canada's Trade Minister Dominic LeBlanc welcomed the decision, calling the levies "unjustified," but noted challenges remain with steel, aluminum, and auto tariffs.
• The ruling comes as the Canada-US-Mexico trade deal (USMCA) review approaches, covering a market of over 500 million people.
• Trump's administration had imposed 25% tariffs on Canada, later raised to 35%, citing migrant and fentanyl concerns.
• Despite the Supreme Court ruling, Trump's administration plans a new 15% global tariff, though the USMCA exemption will continue.