Asian trading partners are closely monitoring uncertainty after Donald Trump announced a new 10% global import tariff, just hours after the U.S. Supreme Court struck down several previous levies. The court had invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA), which had targeted major exporters including China, South Korea, Japan, and Taiwan.
The U.S. Supreme Court ruled on Friday that U.S. President Donald Trump's sweeping tariffs under a law meant for use in national emergencies are illegal.
21 Feb 2026-12:15
20 Feb 2026-21:41
