Trump Pivots to New 15% Tariff After Supreme Court Rejection

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Donald Trump implemented a 15% global tariff surcharge using the Trade Act of 1974 after the Supreme Court ruled his previous use of emergency powers was unconstitutional.This legal shift potentially forces the USA to refund $175B to importers while granting Xi Jinping significant leverage ahead of a planned diplomatic summit in Beijing.Chinese officials suggest the ruling weakens the American negotiating position regarding trade and sensitive issues like Taiwan.California Governor Gavin Newsom and industry leaders have condemned the new measures as the fashion sector demands the return of $133B in duties.
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