In the latest instalment of his never-ending tariffs saga, President Trump announced a 15% global tariff on all foreign imports over the weekend.
This followed the Supreme Court’s rejection of his previous sweeping import taxes.
The Supreme Court’s decision to strike down President Trump’s global tariffs on Friday initially removed a major source of uncertainty for markets and global trade.
However, Trump’s decision to raise tariffs, one day after the Court’s decision to strike them down, threw markets and global trade into fresh turmoil.
The Supreme Court’s decision last week to block President Trump’s big emergency tariffs gave markets a quick lift, but his fast follow-up, has markets wobbly again today.
Trump bumped this from a 10% blanket tariff, skipping some energy and minerals but nailing most imports. It’s spooked the EU into pausing deals and India into delays. US companies buying abroad, in tech, factories and gadgets, face fresh cost squeezes – though milder than before.
This isn’t a permanent end to trade disputes. The workaround lasts a maximum of 150 days, after which Congress will weigh in. Investors should expect further ups and downs ahead.
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