Trump retaliates with new tariffs after SCOTUS ruling

Core Viewpoint - U.S. President Donald Trump has announced a new 15% global baseline tariff following a Supreme Court ruling that deemed reciprocal country-specific levies illegal, which has led to significant market reactions in Europe and Wall Street [4]. Group 1: Tariff Announcement - The new tariff is set at 15%, which is the maximum legal amount allowed [4]. - This decision comes after the Supreme Court's ruling that invalidated previous country-specific tariffs [4]. Group 2: Market Reactions - The announcement has negatively impacted European futures, indicating a bearish sentiment in the market [4]. - Wall Street is also expected to start the new week with significant declines, reflecting investor concerns over the tariff implications [4]. Group 3: Trade Agreements - U.S. trade envoy Jamieson Greer has stated that all existing trade agreements will remain in place despite the new tariffs [4]. - The European Commission has urged the U.S. to honor its trade pact following the Supreme Court's decision [4].