Court narrows Trump’s tariff powers as 10% global levy takes shape

1 min read
Source: Al Jazeera
Court narrows Trump’s tariff powers as 10% global levy takes shape
Photo: Al Jazeera
TL;DR Summary

The US Supreme Court ruled that President Trump exceeded his constitutional authority to impose tariffs, while Trump announced a new 10% worldwide levy that will take effect almost immediately; the ruling shifts focus from policy to constitutional limits, as governments from South Korea, India, China, Canada, and Mexico weigh trade deals and potential economic and diplomatic fallout amid ongoing negotiations and uncertainty.

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