Trump Imposes 15% Global Tariff After Supreme Court Ruling

Donald Trump signed an executive order establishing a 15% global tariff after the Supreme Court invalidated his previous trade tax policy. The landmark 6-3 ruling determined that the administration lacked the constitutional authority to impose taxes under emergency trade laws. Following the decision, analysts estimated the USA government might owe approximately $175B in refunds to affected importers. European officials and Christine Lagarde warned of economic instability as the EU and UK face immediate new duties.Donald Trump signed an executive order establishing a 15% global tariff after the Supreme Court invalidated his previous trade tax policy.The landmark 6-3 ruling determined that the administration lacked the constitutional authority to impose taxes under emergency trade laws.Following the decision, analysts estimated the USA government might owe approximately $175B in refunds to affected importers.