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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 Turmoil: Stocks Plunge Amid Renewed Trade War Concerns

    

The U.S. stock market faced a sharp downturn today as escalating trade tensions between the United States and China rattled investor confidence. The Dow Jones Industrial Average fell by approximately 1,000 points, marking a 2.5% decline. Meanwhile, the S&P 500 dropped 3.5%, and the tech-heavy Nasdaq Composite tumbled 4.3%.

The sell-off was triggered by the White House's announcement of increased tariffs on Chinese goods, raising the total levies to 145%. This unexpected escalation in the trade war has left Wall Street grappling with uncertainty. Analysts warn that the heightened tariffs could lead to slower economic growth and rising prices, further straining the U.S. economy.

Despite a brief respite in the trade battle earlier this week, today's developments underscore the volatile nature of the market. Investors are now bracing for more turbulence as the trade war continues to unfold.



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