Trump Pivots to New Tariffs After Supreme Court Blocks His Policy

Donald Trump implemented a 15% global import tariff following a 6-3 US Supreme Court ruling that invalidated his previous use of emergency economic powers.The administration pivoted to Section 122 of the Trade Act of 1974 while Brett Kavanaugh noted the legal impact of a $175B refund demand from Democrats.The EU responded by pausing the ratification of its trade agreement with the USA while Jamieson Greer launched new industrial investigations to secure the policy.Although Canada and Mexico received exemptions, investors expressed concern as market indexes fell and the national debt continued to rise during the dispute.