Trump Raises Tariffs to 15% Following Supreme Court Rejection

Donald Trump raised planned global tariffs to 15% following a US Supreme Court ruling that struck down his previous emergency trade measures.The new executive order signed by Donald Trump bypasses the court decision by using Section 122 of the Trade Act to impose duties for 150 days.Business groups including the National Retail Federation are now demanding up to $175B in refunds for tariffs collected under the invalidated policy.While the EU seeks clarification on the escalation, the new policy maintains exemptions for essential goods like medicine and energy products.