Trump brings in new 10% tariff as Supreme Court rejects his global import taxes

(Natalie Sherman – BBC) US President Donald Trump has imposed a new 10% global tariff to replace ones struck down by the Supreme Court, calling the ruling “terrible” and lambasting the justices who rejected his trade policy as “fools”. The president unveiled the plan shortly after the justices outlawed most of the global tariffs the White House announced last year. In a 6-3 decision, the court held that the president had overstepped his powers. The decision was a major victory for businesses and US states that had challenged the duties, opening the door to potentially billions of dollars in tariff refunds, while also injecting new uncertainty into the global trade landscape. – Trump brings in new 10% tariff as Supreme Court rejects his global import taxes