What's Happening
President Trump announced an increase in global tariffs to 15%, a day after the Supreme Court struck down his previous tariff measures. He plans to use an untested legal authority to enforce these new tariffs, which face significant opposition from lawmakers and businesses alike.
Market Impact
This move is expected to increase costs for American businesses and consumers, potentially disrupting supply chains and putting pressure on the stock market, particularly in sectors reliant on imports.
Broader Implications
The decision underscores ongoing tensions between the executive branch and judiciary, while raising concerns about the U.S. economy's vulnerability to trade policy shifts.