"I can do whatever I want."
"It is my great honour... to sign a global 10 per cent tariff on all countries."
"I can do anything I want... I can destroy the trade, I can destroy the country. But I can't give them a little fee."
"Europe should not be mistaken - this ruling will not bring relief."
Global markets reacted strongly after the United States implemented a new 10% tariff on goods from all countries following a Supreme Court ruling that curtailed prior emergency trade powers. The administration invoked Section 122 of the Trade Act of 1974, allowing the duties to remain in force for roughly 150 days and affecting trade planning and market stability. The Court found previous reciprocal tariffs exceeded authority under the International Emergency Economic Powers Act. Analysts warned the ruling will not end trade uncertainty and that future probes under other statutes could still target specific industries. The British government will assess impacts while expecting its privileged trading position to continue.
Read at London Business News | Londonlovesbusiness.com
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