In a landmark decision this week, the US Supreme Court struck down Trump-era global tariffs in a 6-3 ruling, declaring them legally unsupported. The move instantly wiped out billions in trade barriers—and sparked fresh chaos as former President Trump retaliated with new tariffs. 💥
Markets Rollercoaster
Wall Street initially cheered: The Dow jumped 0.47%, while tech stocks led the Nasdaq to a 0.9% gain. But celebrations paused as Trump announced a 10% tariff on all imports via executive order, effective immediately. Analysts call it a “trade policy whiplash” moment. 📉🔄📈
$175 Billion Question
Penn Wharton economists warn the ruling could force the US to refund over $175 billion in collected tariffs—a fiscal headache for lawmakers. Meanwhile, businesses brace for renewed supply chain disruptions as new duties take effect. 🚢💸
What’s Next?
Legal experts predict challenges to Trump’s latest move, calling it a “high-stakes game of constitutional chicken.” With global trade uncertainty deepening, young professionals and investors are advised to watch Asia-Pacific markets closely for ripple effects. 🌏⚖️
