In a significant escalation of trade tensions, President Donald Trump has announced a new 15% global tariff on imports, effective immediately, following a U.S. Supreme Court ruling that invalidated many of his previous tariffs imposed under emergency powers. The Supreme Court's 6-3 ruling has created considerable uncertainty in global markets, leading to a decline in the U.S. dollar, which fell 0.4% to 154.42 yen. In response to the tariff announcement, gold prices surged to a three-week high, climbing 0.6% to $5,136.22 per ounce as investors sought safety amid the turmoil. However, stock markets have stumbled, with the Dow Jones industrial average dropping 1.4% in morning trading, and the S&P 500 and Nasdaq 100 falling 0.9% and 1.1%, respectively, reflecting investor unease over the renewed tariff uncertainty (The Guardian, February 23, 2026).
BUSINESS
Trump Announces 15% Global Tariff Amid Supreme Court Ruling
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Trump's new 15% global tariff escalates trade tensions post-Supreme Court ruling, causing market turmoil, a drop in the dollar, and rising gold prices ahead of a summit with China.
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13 outlets · 29 articles
TGtheguardian.com
TFPthefrontierpost.com
BRbrecorder.com
SCMPscmp.com
THthehindu.com
PPprofit.pakistantoday.com.pk
NYTnytimes.com
TNP-Ethenews.com.pk
THtribune.com.pk
TSthestandard.com.hk
MAmarketscreener.com