The US Supreme Court recently dropped a bombshell on former President Donald Trump’s global trade plans, ruling that his broad tariffs were “unlawful.” In a 6-3 decision, the highest court in the land found that Trump had overstepped his authority, explaining that such significant trade taxes require clear approval from Congress – something he didn’t have. They also pointed out that Trump had used a 1977 law, originally meant for freezing assets or sanctioning adversaries, incorrectly to impose widespread taxes on goods from almost all trading partners.
But if you thought that would stop the show, think again. Just hours after the ruling, Trump quickly signed an executive order to keep his trade policies alive, slapping a 10% global tariff on foreign goods. The very next day, he announced a hike, pushing that tariff to 15%.
And the threats didn’t end there. Taking to Truth Social, Trump issued a stern warning: “Any Country that wants to ‘play games’ with the ridiculous supreme court decision… will be met with much a higher Tariff, and worse, than that which they just recently agreed to. BUYER BEWARE!!!”
This ongoing tariff saga is creating ripples worldwide. Global allies like the European Union and the United Kingdom are now rethinking their trade agreements with the US. Even countries like India, which had previously faced tariffs as high as 50% (later reduced to 18% through negotiation), are watching closely. The stage is set for continued drama in the world of international trade, with major implications for global economies and alliances.
