GEOPOLITICS | U.S. Supreme Court Overturns Reciprocal Tariffs, Trump Announces Global Tariff Increase

The U.S. Supreme Court has overturned the reciprocal tariffs, leading to significant changes in trade policy. According to Ming Pao, U.S. President Donald Trump announced an increase in global tariffs to 15% under Section 122 of the Trade Act. He also hinted at restructuring the tariff framework through various legal avenues, including initiating multiple Section 301 investigations and imposing new national security tariffs under Section 232.