Last mentioned: 2d ago
Global Market Reaction
Trade partners including India, South Korea, and Canada issue statements on trade deal integrity and potential retaliation.
White House Response
President Trump issues a public statement criticizing the judiciary and vowing immediate action.
New Executive Order
Trump signs a document imposing a 10% global tariff, effective immediately with limited exemptions.
Supreme Court Ruling
The U.S. Supreme Court strikes down the administration's broad tariff authority under IEEPA.
Following a landmark Supreme Court ruling that invalidated broad executive tariff authority under IEEPA, President Trump has immediately signed a new executive order imposing a 10% global tariff. This move creates significant legal and operational volatility for global supply chains as the administration pivots to new statutory justifications for its trade agenda.