Trump Imposes 15% Global Tariff Following Supreme Court Defeat

Donald Trump announced a 15 percent global tariff on all imports after the Supreme Court ruled that his previous use of emergency powers was unconstitutional.The decision prompted international condemnation as Itsunori Onodera of Japan called the move a mess and Emmanuel Macron suggested potential trade retaliation.While the White House is now utilizing the Trade Act of 1974 to sustain the levies, any extension beyond 150 days will require formal approval from Congress.The USA Chamber of Commerce has already demanded $133 billion in refunds for businesses after the court found the earlier tariff collection program was invalid.