From Production to Consumption: Japan–Latin America Cooperation in Food and Agriculture

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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

February 24, 2026

Where Does the U.S. Supreme Court’s Ruling Leave Tariffs?

In a 6-3 ruling on Friday, the U.S. Supreme Court struck down tariffs that President Donald Trump imposed under a 1977 law. Trump called the justices who sided against him “a disgrace to our nation.” // Photo: White House.

Q

  • The U.S. Supreme Court last Friday struck down tariffs that President Donald Trump has imposed on imports from countries around the world, ruling that levies instated under the 1977 International Emergency Economic Powers Act (IEEPA) are unconstitutional. Trump called the ruling “deeply disappointing” and has vowed to impose a new 15 percent global tariff under Section 122 of the Trade Act of 1974. What does the Supreme Court’s ruling mean for tariffs that Trump has imposed on goods from countries in the Western Hemisphere, and which countries and sectors will be affected most? How feasibly can Trump impose new tariffs on countries in the hemisphere using other laws? What does the ruling mean for the Trump administration’s broader foreign policy goals in the Americas?

A

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Top News

More Than 70 Killed in Mexico’s Effort to Capture Drug Kingpin
More than 70 people, including soldiers, cartel members and civilians were killed in the army’s attempt to capture drug lord Nemesio Oseguera Cervantes, who was killed in a shootout.
Citi Strikes Deal to Sell Additional Stake in Banamex
Citigroup announced Monday that several institutional investors have agreed to by a 24 percent stake in its Banamex unit.
U.S. Ambassador Defends Move to Sanction Chilean Officials
The U.S. ambassador to Chile, Brandon Judd, on Monday defended U.S. sanctions against three Chilean government officials over a plan to build an undersea cable to China.

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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Diego Arria
Director,
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Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
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Arcos Dorados (McDonald’s)

Peter Hakim
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Jon E. Huenemann
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GLG Inc.

James R. Jones
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Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
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Beatrice Rangel
Director,
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Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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