US EditionColumn: Aftermath of Trump Tariff Ruling and Korea
The Supreme Court ruled tariffs under the International Emergency Economic Powers Act invalid, prompting Trump to propose new 15% global tariffs amid mixed market reactions.
- In a 6-3 decision Friday, the U.S. Supreme Court struck down President Donald Trump's global tariff plan.
- After the ruling, the administration invoked an alternative law to Section 122 of the 1974 Trade Act, and President Trump proposed a 10% global tariff under that law, later raising it to 15%.
- On Monday, U.S. futures sank with the S&P 500 down 1.04% and the Dow off 1.66%, while Hong Kong’s Hang Seng gained 2.4%
- The European Union paused plans Monday to implement a trade deal with a 15% tariff, and the European Commission said, `A deal is a deal.`
- The ruling leaves unclear if the government can keep tariff revenue, with Scott Bessent saying, 'It’s out of our hands and we will follow the court’s orders.
19 Articles
19 Articles
Supreme Court decision against Trump's tariffs raises uncertainty, but markets stay calm
China has urged the United States to stop imposing one-sided tariffs. South Korea’s trade minister says the Supreme Court’s ruling against President Donald Trump’s tariffs has increased uncertainty for businesses. Financial markets took the news in stride, though, as most…
Toymaker who helped take down Trump's tariffs deems SCOTUS decision 'not enough'
One of the plaintiffs in the Supreme Court case that challenged President Donald Trump’s tariff authority says Friday’s ruling against the president’s authority is "not enough."On Friday, the Supreme Court ruled 6-3 against Trump’s tariffs. Later that day, however, Trump announced a 10% global tariff, which he later raised to 15% on Saturday.One plaintiff, Illinois toymaker Rick Woldenberg, CEO of Learning Resources, called the ruling a "small i…
Trade Wars Are Flaring Again. What It Means for Investors
Key PointsPresident Trump announced a 15% global tariff on Saturday after his earlier tariffs were struck down by the Supreme Court.Europe balked at the move, saying, "A deal is a deal." Market moves on a past tariff news have proven to be fleeting.10 stocks we like better than S&P 500 Index › Stocks were diving today as Friday's celebration of the Supreme Court's blocking of tariffs was short-lived. By Monday afternoon, all three major indexes …
Trump calls the Supreme Court's decision on the ruling of its tariff policy 'rid cula' and it's asking for it's decision.
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