
- In today’s CEO Daily: Diane Brady outlines what’s next for CEOs after SCOTUS strikes down Trump’s tariffs.
- The big leadership story: Trump’s immigration crackdown risks labor shortages in key industries.
- The markets: Down in Europe as markets react to more tariffs chaos.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Now that the Supreme Court ruled against Donald Trump using his emergency powers to impose tariffs, what’s next? After all, the U.S. president responded by immediately creating tariffs under a different law, Section 122 of the 1974 Trade Act. And the court gave no guidance on how leaders can recoup the money they paid under a policy deemed illegal. For the moment, at least, America’s protectionist strategy remains in place. So what’s next for leaders?