In a significant development, the U.S. Supreme Court's ruling has not only limited President Donald Trump's ability to impose unilateral tariffs but has also created a chaotic environment in global trade. Following the ruling, which struck down Trump's 'reciprocal' tariffs, China has emerged as a major beneficiary, as U.S. trading partners scramble to adapt to the new trade landscape. Businesses worldwide are now left grappling with the implications of the Supreme Court's decision, which has fundamentally altered the tariff system that previously existed (NBC News World).
BUSINESS
Us Supreme Court Strikes Down Trump'S Tariffs, Impacting Global Trade
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The U.S. Supreme Court's ruling limits Trump's tariff powers, creating chaos in global trade. China benefits while businesses face uncertainty over refunds and future trade policies amid ongoing le...
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