World reacts as US top court limits Trump’s tariff powers
Al Jazeera • • nation
Key Points:
- President Donald Trump has imposed a new 10 percent worldwide tariff following the US Supreme Court's ruling that struck down his previous trade measures, with the tariff taking effect almost immediately.
- The Supreme Court decision and new tariffs have created uncertainty among countries, impacting trade agreements, tariff reductions, and the legality of past duties, prompting governments to reassess their trade strategies.
- South Korea and India are cautiously reviewing their trade deals with the US, with South Korea considering the impact on key industries and India awaiting further clarity before continuing negotiations, especially after an interim trade deal was reached recently.
- China has responded moderately, welcoming the ruling as it may reduce tariffs from about 36 percent to 21 percent, potentially easing economic pressures and improving prospects for upcoming US
