World Reacts to US Supreme Court Limiting Trump's Powers on Tariffs:🚀🚀🚀🚀🚀🚀🚀
US Imposes New 10% Tariff: After the Supreme Court declared the earlier measures unconstitutional, Trump announced a new tariff.
Global Responses:
South Korea: Debate over trade agreement is on hold while potential changes to the agreement are considered.India: Continues negotiations in the dark as they await the final court decision.China: Read the ruling as good news for their economy and are hopeful of relief.Canada: They are happy with the verdict but know that there are still hurdles.Mexico: Only a careful consideration of the ruling and assessment of its impact are being done.Key Implications
There will be confusion and doubt if the legal and trade frameworks are not properly clarified.Nation states are reviewing their trade agreements and investments.There has been a greater impact on the steel, aluminium, and car sectors.