From tearing down the White House's East Wing to capturing foreign leaders, this is not a president who is used to being told "No".

But the Supreme Court's ruling that President Donald Trump cannot legally use emergency powers to invoke reciprocal and country-specific tariffs derails his existing trade strategy.

The league table of tariffs unveiled in the Rose Garden on so-called Liberation Day last April - and more recently President Trump's threat to deploy more on European countries unless they support his plan to buy Greenland - ripped up the world trade order, risking a resounding blow to growth.

But if you think we are heading back to pre-Trump business as usual - think again.

First, this invalidates only some of the additional tariffs President Trump has ordered since taking office last year.