Trump issues new 10% tariff following $133B Supreme Court defeat

Donald Trump issued a new 10 percent import tariff starting February 24 after the Supreme Court ruled his previous trade penalties were unconstitutional.The ruling invalidated between $133 billion and $175 billion in collected duties, prompting Illinois Governor JB Pritzker to demand immediate refunds for his state.While the new order exempts certain neighbors and essential goods, experts at PWC warned of increased uncertainty for companies during the transition.Businesses now face a complex legal process that could last five years to recover the voided funds as Donald Trump criticizes the judicial decision.