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Will Donald Trumps New 15% Global Tariff Shake Global Trade After the Supreme Court Blow?

Source: Kapitales Research

Highlights:

  • New global tariff plan: Donald Trump announced a proposed 15% import tariff under Section 122 of the Trade Act after the Supreme Court struck down earlier sweeping tariffs.
  • Markets face fresh uncertainty: The move raises concerns for global trade partners, with businesses warning of higher costs, supply-chain disruptions, and potential retaliation.
  • Temporary but impactful measure: The tariffs could stay in place for about five months before requiring congressional approval, leaving investors watching closely for policy clarity.

Fresh tariffs announced after court setback

Donald Trump has unveiled plans to introduce a new 15% global import tariff, a move that has already sparked debate across global markets. The announcement comes shortly after the U.S. Supreme Court ruled that earlier tariffs introduced under emergency powers went beyond presidential authority. At the time of writing, the proposed tariff is expected to replace a previously planned 10% levy and could apply to most goods entering the United States for a temporary period.

Why the tariff decision matters for global markets

Trump has argued that higher tariffs encourage domestic manufacturing and reduce trade deficits, but the policy shift has created uncertainty for major trading partners including the UK, Australia and the European Union. Analysts warn that sudden changes in trade rules could complicate supply chains and increase costs for businesses and consumers. Some industry voices believe the tariffs could support U.S. production, while critics argue they risk slowing economic growth and triggering retaliatory measures. Economists say a patchwork approach to trade rules may leave companies navigating a more complex global environment.

What happens next after the Supreme Court ruling

The court’s decision marked a major check on presidential trade powers, forcing the administration to pursue alternative legal pathways. While certain sector-specific tariffs remain unchanged, businesses are now watching closely to see whether refunds will be issued on previously collected duties and whether Congress will approve the new plan. With global trade partners seeking clarity, markets are bracing for further policy updates. The coming months will likely determine whether this temporary tariff becomes a lasting shift in U.S. trade strategy or another chapter in an increasingly unpredictable trade landscape.

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