Trump Shifts Trade Strategy as Supreme Court Blocks Global Tariffs

Customs and Border Protection implemented a 10% global tariff after the Supreme Court blocked Donald Trump from using emergency powers for trade taxes.Donald Trump pivoted to Section 122 to address a $1.24 trillion deficit, while Treasury Secretary Scott Bessent faces demands for $175 billion in refunds.Illinois Governor JB Pritzker and US Trade Representative Jamieson Greer are monitoring the fallout as Japan and the EU seek to protect existing trade agreements.While the White House suggests the tariff rate may still increase to 15%, international partners are requesting exemptions to avoid further economic disruption.