Trump Raises Global Tariffs to 15% After Supreme Court Rejection

Donald Trump implemented a 15% global import tariff using the Trade Act of 1974 after the Supreme Court struck down his previous emergency measures.Global markets reacted with volatility as the EU paused ratification of a trade deal with the USA and Treasury yields increased on Tuesday.The new 150-day policy includes specific exemptions for Canada and Mexico while the DOJ expressed skepticism regarding the legal justification for the move.Shares of Standard Chartered declined after the bank missed expectations despite the administration claiming the tariffs will protect the domestic economy.