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Story summary
- The U.S. Supreme Court struck down President Donald Trump's tariffs, including a 10% levy on U.K. goods, citing the International Emergency Economic Powers Act.
- The ruling does not impact sector-specific tariffs on steel, aluminum, and automobiles.
- The U.K. government remains confident in its trading position with the U.S., despite warnings from the British Chambers of Commerce about uncertainty for businesses regarding levy refunds.
- The U.K. plans to negotiate lower tariffs to boost trade with the U.S.
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