Last week’s Supreme Court decision has dismantled a key pillar of U.S. trade policy, invalidating tariffs imposed under emergency powers and potentially triggering $175B in refunds. In this video, Chief Investment Officer Laura Lau walks through the fiscal fallout, the next tools policymakers may turn to, and what Canadian investors should watch for as trade risks resurface in new forms. This isn’t the end of trade volatility; it’s the start of a more complex chapter.