Court Ruling Cuts Trump-Era Tariffs, but New 10% Global Duty Rekindles Trade Uncertainty in Asia
A US Supreme Court ruling invalidated a set of Trump-era tariffs imposed under IEEPA, reducing headline tariff levels according to Global Trade Alert estimates. However, President Trump’s subsequent announcement of a new 10% global duty for 150 days signals continued reliance on alternative tariff tools, sustaining uncertainty for Asian supply chains and investors.