Supreme Court decision against Trump’s tariffs raises uncertainty, but markets stay calm
Summary
The U.S. Supreme Court ruled against Trump's tariffs, prompting China and South Korea to monitor future U.S. trade policies while markets remained calm.
Key Points
- The U.S. Supreme Court ruled against President Donald Trump's tariffs under the IEEPA.
- China's Commerce Ministry is conducting an assessment and urges the U.S. to lift unilateral tariffs.
- Trump proposed a new global tariff of 15% under an alternative law following the ruling.
- Markets showed calm reactions despite the uncertainty, with some Asian markets advancing.
