Trump’s 10% Tariff Sends Markets Into Turmoil
Zuzana Moscakova, Chief Reporter A sweeping new US tariff has come into force after a dramatic court ruling blocked the previous regime. Markets are uneasy, allies are frustrated, and businesses are once again bracing for uncertainty. Global trade was thrown back into turbulence this week as Donald Trump introduced a new 10% tariff on imports entering the United States, only days after the country’s highest court struck down his earlier and far broader trade measures. The decision by the US Supreme Court marked a significant legal setback. Judges ruled that the administration had overstepped its authority in using emergency powers to impose sweeping tariffs. The judgment reaffirmed that the power to charge taxes and duties ultimately rests with Congress, not the White House. Yet the legal blow did not stop the broader trade agenda. Within hours, a revised tariff plan was announced. This time, the administration relied on a different ...