The New Jersey Chamber of Commerce is closely monitoring today’s decision by the Supreme Court of the United States to strike down a significant portion of President Donald Trump’s global tariff program.

At this early stage, it is too soon to determine the full economic impact of this ruling, particularly for New Jersey’s diverse and globally connected business community. The tariffs had been generating revenue for the federal government, while also increasing costs in certain sectors — costs that, in some cases, were passed along to businesses and consumers.