New Jersey Chamber of Commerce Statement on U.S. Supreme Court Tariff Decision

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.

New Jersey companies operate in complex supply chains that span manufacturing, logistics, retail, pharmaceuticals, technology, and port operations. Any major shift in federal trade policy can have ripple effects across pricing, investment decisions, and competitiveness. Until we have greater clarity on how the administration and Congress may respond, and how markets adjust, predicting the ultimate outcome would be premature.

The Chamber will continue to evaluate developments and engage with policymakers to ensure that New Jersey businesses remain competitive, stable, and positioned for growth in a changing trade environment.

-Tom Bracken, President & CEO, New Jersey Chamber of Commerce