Trump Imposes New 15% Global Tariff Following Supreme Court Defeat

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Donald Trump signed a new order for a 15% global tariff surcharge after the Supreme Court ruled his previous emergency trade levies illegal.The court decision nullified the 2025 "Liberation Day" measures, potentially forcing the USA to refund $175B to importers according to Penn Wharton.While Trade Representative Jamieson Greer stated that existing bilateral deals with leaders like Keir Starmer remain intact, the ruling created market volatility.The announcement led to a decline in the S&P 500 and the dollar as investors sought safety in gold following the legal defeat for the administration.
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#SouthKorea#India#China#UK#DonaldTrump#SupremeCourt#JamiesonGreer#PennWharton#KeirStarmer#SP500
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