Nvidia(US:NVDA) The Economic Times·2026-02-23 00:49Core Viewpoint - The U.S. Supreme Court's decision to strike down President Trump's emergency tariffs has led to increased uncertainty in the tariff landscape, with a new 15% tariff announced, raising concerns about potential economic impacts [1][11]. Tariff Developments - President Trump announced a new 10% tariff on the rest of the world, which was later raised to 15%, surprising some officials [1][11]. - It remains unclear when these tariffs will be imposed, what might be excluded, and whether all countries will face the 15% rate [4][11]. Market Reactions - MSCI's broadest index of Asia-Pacific shares outside Japan increased by 0.5% amid the uncertainty [5][11]. - Japan's Nikkei was closed for a holiday, but futures traded at 56,970, slightly above the cash close of 56,825 [5][11]. - South Korea's market continued its upward trend with a 2.0% rise, following a 5.5% increase last week [5][11]. Economic Indicators - The Treasury market reacted negatively to the tariff news, raising the risk of the U.S. government needing to repay approximately $170 billion in revenue, potentially widening the fiscal deficit to around 6.6% of GDP [7][11]. - Economic growth in the December quarter missed forecasts, while core inflation surprised on the high side, affecting market expectations for a June rate cut from the Federal Reserve [8][11]. Currency and Commodity Movements - The dollar weakened against the Japanese yen by 0.4% to 154.36, while it gained 0.4% against the euro, reaching $1.1826 [9][11]. - In commodity markets, gold increased by 0.8% to $5,143 per ounce, and silver rose by 2% to $86.24 per ounce [9][11]. - Oil prices experienced volatility, with Brent crude down 0.6% to $71.29 per barrel and U.S. crude down 0.8% to $65.95 per barrel [9][11].