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Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
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Market Watch: Inflation and rate fears dampen stocks

 

Investors are bracing for another volatile week as concerns about inflation and interest rate hikes continue to weigh on global markets. 

Despite a strong earnings season and signs of economic recovery, many traders are worried that rising prices and supply chain disruptions could force central banks to tighten monetary policy sooner than expected. As a result, major stock indices have been trading in a narrow range, with little direction or momentum.

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