Trump Announces 10% Global Tariff Following Supreme Court Setback on Trade Powers
In a significant development, President Donald Trump has announced a 10% global tariff following the US Supreme Court’s ruling that curtailed his use of the International Emergency Economic Powers Act (IEEPA) for imposing tariffs. The Court’s decision, described by Trump as “deeply disappointing,” invalidated his previous use of IEEPA to justify tariffs that were primarily…