WASHINGTON, D.C.: US President Trump warned countries against backing away from trade deals after the Supreme Court struck down his emergency tariffs. He said any nation that “plays games” could face higher duties under other trade laws.
In posts on Truth Social, Trump said he might also impose license fees on trading partners, although he did not provide details. His comments added uncertainty to global markets, sending stocks lower.
“Any country that wants to ‘play games’ with the ridiculous Supreme Court decision… will be met with a much higher tariff,” Trump wrote. He stressed that the ruling affirmed his ability to impose tariffs under different legal authorities, potentially in a stronger manner.
Trump’s new temporary import duty affects goods from all countries at 15%, up from the initial 10% announced last Friday. Exemptions apply for food items, aircraft parts, pharmaceutical ingredients, critical minerals, and other key goods. The US Customs and Border Protection agency will stop collecting the now-invalid IEEPA-based duties at the same time the new tariffs take effect.
In response, the European Union postponed a vote on its trade deal with the US. China urged Washington to scrap tariff measures, and India delayed planned talks. Wall Street ended lower on Monday, with the Dow Jones down 1.65% and the Nasdaq Composite falling 1.01%, as investors reacted to renewed trade uncertainty and AI-related market concerns.
The Trump administration plans to open new Section 301 investigations into unfair trade practices, which could allow it to threaten additional tariffs. Meanwhile, 22 Democratic senators introduced legislation to force refunds for IEEPA-based duties, though the measure faces an uncertain path.
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Trump also criticized the Supreme Court justices who ruled against him, including two he appointed. The president reaffirmed his focus on using legal authority to protect US economic interests, signaling that future trade moves could be more aggressive.
