Trump Imposes New 15% Tariff After Supreme Court Blocks Powers

Donald Trump implemented a 15% global import tariff using Section 122 of the Trade Act of 1974 after a Supreme Court ruling invalidated his previous emergency powers.The judicial decision found the administration improperly used the International Economic Powers Act, prompting Chuck Schumer and Senate Democrats to demand $175 billion in refunds.While Treasury Secretary Scott Bessent called the new measures a temporary bridge, the EU paused trade deal ratifications as the USA began investigating industrial sectors.Trade Representative Jamieson Greer is reviewing batteries and chemicals while lawmakers debate if a 60-vote threshold is required to extend the tariffs beyond 150 days.