U.S. trading partners in Asia were weighing fresh uncertainties this weekend after President Donald Trump announced a new tariff on imports, hours after the Supreme Court struck down many of the sweeping levies he used to launch a global trade war.
The court’s ruling invalidated a number of tariffs that the Trump administration had imposed on Asian export powerhouses from China and South Korea to Japan and Taiwan, the world’s largest chipmaker and a key player in tech supply chains.
Within hours, Trump said he would impose a new 10% duty on U.S. imports from all countries starting on Tuesday, which he raised to 15% on Saturday. The levies, under a different law, are set for 150 days, prompting analysts to warn that more measures could follow, threatening more confusion for businesses and investors.