Trump Raises Global Tariffs to 15% Following Supreme Court Defeat

Donald Trump increased the global tariff baseline to 15% under the 1974 Trade Act following a major defeat in the USA Supreme Court.USA Trade Representative Jamieson Greer defended the strategy after Bernd Lange proposed pausing the ratification of a trade deal.Christine Lagarde warned that the shift would disrupt global investment while the EU considered using its Anti-Coercion Instrument.This escalation comes as the goods trade deficit reached $1.24T while companies like Costco demanded $133B in tax refunds.