The U.S. Supreme Court’s recent decision to invalidate many of the tariffs imposed by the Trump administration has triggered a mixed reaction from global markets, even as former President Trump threatens new trade measures. The ruling, handed down on Friday, has the potential to significantly impact trade relationships, particularly with countries like India and China.
Following the Supreme Court’s decision, global stock markets initially rose, buoyed by the prospect of reduced trade barriers. However, the markets’ response has been uneven, with fluctuations also observed in major currency exchange rates, oil prices, and gold values. The initial optimism was tempered on Saturday when Trump announced plans to increase his proposed new global tariffs from 10% to 15% “with immediate effect.”
The Supreme Court ruling challenges a substantial portion of the tariffs enacted during the Trump presidency. The development underscores the ongoing debate surrounding protectionist trade policies and their impact on the global economy. While the decision is expected to benefit nations like India and China, considerable uncertainty remains as the U.S. Considers further trade actions.
