Last mentioned: 2d ago
SCOTUS Ruling
Supreme Court strikes down sweeping emergency tariffs as an overreach of executive power.
New Tariff Announcement
Administration announces a 10% global baseline tariff effective immediately under alternative trade laws.
Presidential Reaction
Trump issues a statement calling the ruling 'deeply disappointing' and a 'disgrace'.
The U.S. economy expanded at a modest 1.4% annualized rate in the fourth quarter, significantly missing analyst expectations. This deceleration suggests a cooling of consumer resilience, forcing e-commerce and retail sectors to brace for a shift toward value-driven spending and inventory adjustments.
President Trump has announced a new 10% global tariff mandate, pivoting to alternative executive authorities after the Supreme Court struck down his initial trade policy. This move signals a significant escalation in protectionist trade measures that will directly impact global supply chains and retail pricing structures.
Following a Supreme Court ruling that struck down his sweeping emergency tariffs, President Trump has immediately announced a new 10% global baseline tariff. This rapid pivot creates significant uncertainty for retailers and e-commerce platforms facing sudden cost increases and supply chain disruption.