Trump Signs 10% Global Tariff Following Supreme Court Ruling

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Donald Trump signed an executive order for a 10% global tariff after the Supreme Court struck down previous import taxes of up to 50% on nations like China and Mexico.The 6-3 ruling led by John Roberts found the "Liberation Day" duties unconstitutional, potentially requiring the USA to refund up to $240B to corporations including Apple and Toyota.While Wall Street remained steady following the news, the EPA separately eased mercury regulations for power plants to support electricity needs for AI data centers.Treasury Secretary Scott Bessent indicated the administration would seek alternative trade embargoes after Donald Trump labeled the judicial decision a disgrace.
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