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HomeWorld NewsTrump tariffs highlights: US Prez adds 10% global tariffs over and above the existing rates after Supreme Court setback
US Supreme Court Trump tariffs ruling LIVE updates: President Donald Trump said he would impose an additional global tariffs of 10% over and above the rates currently applicable on exports from each country sending goods to America.
US Supreme Court Trump Tariffs Ruling LIVE Updates: In a significant legal setback for Donald Trump, the Supreme Court of the United States on Friday ruled 6–3 against his sweeping global tariff regime.
The US President lashed out at the justices, calling them a 'disgrace to the nation' and blamed them for being swayed by 'foreign interests and small political movements'.
Trump claimed that at least three statutes, including The Trade Expansion Act 1962, allow him to charge higher tariffs, if he needed to.
The majority held that the statute used to justify the import duties “does not authorize the President to impose tariffs”, effectively invalidating the unilateral measures imposed on multiple countries. The court, however, did not address whether affected parties would be eligible for tariff refunds.
The ruling carries broader implications for executive authority in trade policy and could reshape the legal framework governing future tariff actions.
US markets reacted positively. The Dow Jones Industrial Average rose 93.81 points, or 0.2%, while the S&P 500 gained 0.3%. The tech-heavy Nasdaq Composite advanced 0.5%, supported by a 2% rise in Alphabet Inc. shares.
Here are the live updates
