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The U.S. Supreme Court struck down many of the far-reaching taxes on imports.
Trump now seeks a 15% global tariff, up from the previously announced 10%, post-court ruling.
KEY POINTS
- The Supreme Court ruled 6-3 that Trump cannot unilaterally set tariffs under emergency powers.
- Trump used a different legal authority to impose 10% tariffs, but they last only 150 days.
- Trump is considering other federal laws requiring Commerce Department investigation to impose further tariffs.
COMPANIES
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