politicalnews

US President Donald Trump has announced a 10% global tariff after the Supreme Court struck down his reciprocal levies policy.

Mr Trump’s “reciprocal tariffs”, imposed on most of the rest of the world last April under an emergency powers law, were overturned by the US Supreme Court on Friday in a major blow to the president’s economic agenda.

Speaking at the White House, Mr Trump said the Supreme Court decision affirmed his ability to charge more tariffs under different statutes.

He said: “In order to protect our country, a president can actually charge more tariffs than I was charging in the past… period of a year.

Today I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being chargedDonald Trump
“Under the various tariffs authorities, so we can use other of the statutes, other of the tariff authorities, which have also been confirmed and are fully allowed.

“Therefore, effective immediately, all national security tariffs under Section 232 and existing Section 301 tariffs, they’re existing, they’re there, remain in place, fully in place. And in full force.

“Today I will sign an order to impose a 10% global tariff under Section 122, over and above our normal tariffs already being charged.

“And we’re also initiating several Section 301 and other investigations to protect our country from unfair trading practises of other countries and companies.”

In the UK, ministers said they expected the country’s “privileged trading position with the US” to continue after the Supreme Court’s ruling.

The UK received the lowest tariff rate of 10%, and a subsequent deal struck by Sir Keir Starmer and Mr Trump saw further carve-outs for Britain’s steel industry and car manufacturers.

Friday’s decision raises questions over whether those deals still stand, although officials are understood to believe it will not impact on most of the UK’s trade with America, including preferential deals on steel, cars and pharmaceuticals.

A Government spokesperson said: “This is a matter for the US to determine but we will continue to support UK businesses as further details are announced.

“Under any scenario, we expect our privileged trading position with the US to continue and will work with the administration to understand how the ruling will affect tariffs for the UK and the rest of the world.”

It was an updated version of a statement released earlier in response to the court ruling but removed a reference to the UK enjoying “the lowest reciprocal tariffs globally”.

Mr Trump said that some trade deals negotiated after he imposed his reciprocal tariffs will no longer be valid after the US Supreme Court ruling.
“Some of them stand. Many of them stand. Some of them won’t, and they’ll be replaced with the other tariffs,” he said.

The US president said the 10% “global tariff” would be in place for around five months.

“We’re going straight ahead with 10% straight across the board… and then during that period of about five months, we are doing the various investigations necessary to put fair tariffs, or tariffs period, on other countries.

“So we’re doing that, period, but we’re immediately instituting the 10% provision, which we’re allowed to do. And in the end, I think we’re taking more money than we’ve taken in before.”

The US has collected more than 133 billion dollars (£98.4 billion) since Mr Trump imposed the tariffs, but now faces the prospect of having to refund that money to importers.

Friday’s decision, approved by a 6-3 majority, found that a 1977 law did not give Mr Trump the power to impose tariffs without the approval of the US Congress.

The British Chambers of Commerce (BCC) said the decision did little to “clear the murky waters for business” around US tariffs.

William Bain, head of trade policy at the BCC, said Mr Trump could use other legislation to reimpose tariffs.

He said: “For the UK, the priority remains bringing tariffs down wherever possible. It’s important the UK Government continues to negotiate on issues like steel and aluminium tariffs and reduces the scope of other possible duties.”

Campaign group Best for Britain said the decision “underlines the instability of doing deals with Trump’s USA and the importance of forging deeper, more reliable trade with our EU neighbours”.

Andy Prendergast, national secretary at GMB, said the removal of the tariffs was very welcome.

“This ruling by the Supreme Court will be popular and represents an overdue slap down for a president who doesn’t seem to have any idea of what he’s doing,” he said.

Richard Rumbelow, director of international business at Make UK, said: “Subject to the details to come from the US administration, the Supreme Court’s ruling to remove tariffs will offer some good news and much-needed clarity for UK manufacturers.

“As the situation continues to evolve, businesses now need clear, practical guidance on how the ruling will be implemented, alongside progress on resolving the remaining Section 232 tariffs on UK steel and aluminium.”
#PoliticalNews #CryptoNewss #TRUMP #SupremeCourt #TARIFF

The situation around the unredacted Jeffrey Epstein files is heating up fast.
U.S. Representative Nancy Mace says the full, unredacted documents contain names that would seriously shock the public — including powerful figures from politics and global leadership. She is strongly pushing for complete transparency.
Here’s what’s happening:
• Mace argues that certain redactions appear to protect influential individuals, including former leaders and media personalities. She even described the current redactions as potentially one of the biggest cover-ups in recent history.
• Lawmakers who reviewed the unredacted files reportedly believe that at least six previously redacted men may be implicated simply by their inclusion in the documents.
• The U.S. Department of Justice is now facing bipartisan pressure to release more details and clearly explain why specific names were redacted.
If additional disclosures reveal high-profile global elites, this could trigger serious political and institutional consequences.
This story is far from over — and the impact could be significant depending on what comes next.
#EpsteinFiles #USPolitics #breakingnews #transparency #PoliticalNews #GlobalAffairs

#PoliticalNews

Global threats of war and geopolitical strain are increasingly influencing cryptocurrency markets—here’s a breakdown of what’s going on and how it’s affecting crypto:

⚠️ Escalating conflicts & trade tensions
Middle East & regional conflicts

Rising violence and military risks — for instance, tensions in the Middle East earlier this week triggered a ~10% drop in Bitcoin, as investors adopted a “risk-off” stance sciencedirect.com+15ainvest.com+15journee-mondiale.com+15.

Historically, war triggers short-term panic selling in crypto markets before any safe‑haven rebound, much like the Russia–Ukraine war trend researchgate.net.

US–China trade war

Renewed tariff threats have repeatedly shaken sentiment: crypto markets dipped when the trade deal underwhelmed, yet rallied when there seemed to be progress ainvest.com.

These shifts show crypto’s dual role—falling with broad "risk-off" sentiment, then rising again as a hedge or alternative amid uncertainty en.coin-turk.com+10barrons.com+10ezblockchain.net+10.

📊 Market dynamics & investor behavior

Increased volatility: Crypto prices often pre-empt traditional markets—dropping 24–48 hours before equities do—highlighting its sensitivity to geopolitical developments journee-mondiale.com.

Capital flight: Investors sometimes shift into crypto during conflicts, viewing digital assets as a safe-haven hedge—though research shows this effect is temporary or mixed .

Institutional correlation: Bitcoin has maintained strong correlations with stocks (~0.85 recently), meaning equity market sell‑offs drag crypto along altrady.com+12blockchain.news+12sciencedirect.com+12.

Macro overlay: Crypto sentiment also hinges on broader economic signals—global inflation, M2 supply, interest rates—all shaped by geopolitical and trade dynamics .

🌐 Real-world shifts & global crypto strategy

Sanctions workarounds: Countries under sanction (e.g., Russia, Iran, Syria) are exploring or using crypto to bypass financial systems—this both legitimizes and pressures global oversight marketwatch.com.

National strategic moves: Pakistan launched a government Bitcoin reserve and crypto council, leveraging cheaper power and aiming for national crypto integration en.wikipedia.org.

Regulatory divergence: The U.S. is tilting pro‑crypto (e.g., strategic BTC reserve under Trump), while China suppresses private crypto—a geopolitical split reshaping global crypto flows theaustralian.com.au+1en.wikipedia.org+1.

🔍 Bottom line for crypto investors

Expect spikes in volatility whenever there's heightened conflict, sanctions, troop movements or tariff drama.

Crypto can both drop with broader markets and serve as a hedge—response depends on timing and conflict context.

Keep an eye on macro headlines—including trade deals, war threats, interest decisions—as these frequently drive abrupt crypto moves.

Track regulatory shifts—especially in sanction-hit countries or nations launching national crypto strategies, as these can shift capital flows.

🔎 What to watch right now

Ongoing Middle East tensions

Developments in the US–China trade dialogue

Any sudden troop deployments, sanctions escalation, or trade policy surprises

Institutional-institutional flows, ETF activity, and M2/inflation data

Let me know if you'd like to dive deeper into a specific region, crypto asset, or investment strategy.