
China urges US to lift unilateral tariffs after Supreme Court decision
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Asia’s US trade deals in doubt after Trump’s Supreme Court tariff defeat
A Supreme Court ruling that gutted the legal foundation for much of US President Donald Trump’s tariff regime has left Asian trading partners scratching their heads about the future of trade deals struck with Washington over the past 12 months. America’s apex court ruled on Friday that the International Emergency Economic Powers Act (IEEPA) – which Trump had used to impose sweeping “reciprocal” tariffs since his “Liberation Day” proclamation last April – did not grant the president the power ...
By Biman Mukherji
Read full article →India, China winners; UK among losers; Europe could freeze deal: How Trump's 15% tariff affects trade order
Just hours after the decision, Trump announced a fresh 10% duty on imports into the US from every country starting Tuesday, later increasing it to 15%.
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