US Supreme Court

government

Last mentioned: 5h ago

Timeline

  1. Market Reaction

    Korean trade experts warn of 'short-term disruption' and 'confusion over standards'.

  2. Judicial Ruling

    US Supreme Court strikes down IEEPA-based tariffs as unconstitutional or exceeding authority.

  3. Executive Response

    Trump signs order for 10% global tariff under Section 122 of the 1974 Trade Act.

  4. Reciprocal Era

    Companies align investment and export strategies with the US reciprocal tariff structure.

Stories mentioning US Supreme Court 1

Trade Policy Bearish

US Tariff Ruling and New 10% Global Levy Spark Supply Chain Volatility

The US Supreme Court's rejection of 'reciprocal' tariffs has triggered an immediate 10% global tariff response from the Trump administration under the 1974 Trade Act. This legal pivot creates significant uncertainty for South Korean exporters and global logistics networks, potentially delaying critical investment and export decisions.

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