Bloomberg · Feb 23, 2026 · Collected from RSS
A U.S. Supreme Court ruling lowers tariffs on Indian imports, but is the gain durable? India’s former WTO Ambassador Jayant Dasgupta explains why the relief may be short‑lived. (Source: Bloomberg)
Copper rose for a second day as uncertainty around US tariff policy and its impact on broader markets drove a decline in the dollar. Meanwhile gold & silver also traded higher over tariff uncertainty. The US Supreme Court ruled against President Donald Trump's use of emergency powers to set reciprocal trade duties, prompting the administration to roll out an alternative 15% global levy. Amy Gower, Metals & Mining Commodities Strategist at Morgan Stanley spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
US president plans 15% duty after Supreme Court strikes down previous regime
Asian stocks gained as the dollar slipped and US stock futures fell after the US Supreme Court scrapped President Trump's reciprocal tariffs, and he pivoted to a proposed 15% global levy. Mahjabeen Zaman, Head of FX Research at ANZ spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the impact on currencies. (Source: Bloomberg)
A Supreme Court ruling that gutted the legal foundation for much of US President Donald Trump’s tariff regime has left Asian trading partners scratching their heads about the future of trade deals struck with Washington over the past 12 months. America’s apex court ruled on Friday that the International Emergency Economic Powers Act (IEEPA) – which Trump had used to impose sweeping “reciprocal” tariffs since his “Liberation Day” proclamation last April – did not grant the president the power to...
China on Monday urged the United States to cancel unilateral tariffs announced by President Donald Trump after the US Supreme Court struck down many of his measures, ruling he lacked authority under a 1977 law. Trump responded by unveiling new global import duties of up to 15% under different powers.
Chinese stocks in Hong Kong rallied after the US Supreme Court struck down President Donald Trump’s emergency tariffs, putting China among the countries set to face lower duties on shipments to the US.