President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in Washington, D.C.Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump defended his tariff agenda during his State of the Union address Tuesday, even as a Supreme Court ruling striking down h ...

Core Viewpoint - The U.S. has raised global tariffs to 15%, impacting trade relations with various countries differently, with the U.K., EU, and Singapore facing higher tariffs while Brazil, China, and India see reductions [1][2][3]. Tariff Changes - The U.K. experiences a 2.1 percentage point increase in its average tariff rate, while the EU sees a 0.8 point rise [3]. - Brazil's tariff rate decreases by 13.6 points, and China's drops by 7.1 points [3]. - Japan and South Korea face increases of 0.4 and 0.6 percentage points, respectively [5]. Legal and Trade Implications - The U.S. Supreme Court ruled that the president improperly invoked the IEEPA for tariffs, leading to the implementation of a 10% duty under Section 122, which was later raised to 15% [2]. - The EU Commission is seeking clarity on the ruling, emphasizing that previously agreed tariff ceilings should be honored [4]. Reactions from Affected Countries - Asian countries, including China and India, are assessing the implications of the Supreme Court ruling, with India postponing trade negotiations with the U.S. [14]. - South Korea plans to engage in consultations to maintain favorable export conditions under its trade agreement with the U.S. [15]. Confusion in Trade Landscape - There is significant confusion regarding the actual implementation of the new tariffs, as the White House's fact sheet still lists Section 122 tariffs at 10% [18]. - Experts express uncertainty about the impact on bilateral trade agreements, as previous deals were based on IEEPA rates that are no longer enforceable [19][20].

his response to the Supreme Court's decision to strike down his tariffs. Our Aean Javvers was in the room. And Aean, I heard you this morning suggest that it was going to elicit a defiant response, and it did.>> Yeah, it absolutely did, Mike. And I I've got an important clarification here. I was just in the uh office of a White House official pinning down some details on this, and I don't think this information is in the market necessarily yet, so I want to walk through it.Uh there's some question about thi ...

>> LIVE FROM LONDON, THIS IS "BLOOMBERG DAYBREAK: EUROPE." ALL NECESSARY MEASURES. THE YEN EXTENDS GAINS AFTER JAPAN'S PRIME MINISTER SAYS THE GOVERNMENT STANDS READY TO STOP THE CURRENCY SLIDE WITH SIGNS OF POSSIBLE BACKING FROM THE UNITED STATES. GOLD BREAKS ABOVE THE $5,000 ANNOUNCE LEVEL FOR THE FIRST TIME AS GEOPOLITICAL UNCERTAINTY FUELS INVESTOR FLIGHT FROM SOVEREIGN BONDS OUT OF THE DOLLAR.PLUS, DEMOCRATS THREATENED TO BLOCK A SPENDING PASSAGE AMONG ESCALATING TENSIONS IN MINNESOTA, RISKING A PARTIA ...

The EU, by virtue of its huge market and its expertise, has convening power, especially in trade. It should set itself up as the champion of like-minded countries that want to forge ahead without America https://t.co/UnpHiFb8s4 ...

Washington. The White House announcing progress on trade talks with several countries. Our Aean Javver has the story.Aean, >> John, that's right. The White House posting these details just within the past few moments on their website. We expect to get uh some more details here uh in just a couple of minutes time from White House officials.But what I can tell you is uh they're posting trade agreements uh with Argentina, Guatemala, and Ecuador. Uh the Argentine agreement is interesting. Obviously, there's bee ...

President Trump has wrapped up his time here in Asia, signing deals at every stop. It was all part of a bid to bolster the US's position ahead of that highly anticipated meeting with Chinese President Xi Jinping at the end of the visit. President Trump started in Malaysia and finalized framework trade agreements with the host country as well as Thailand, Vietnam, and Cambodia.Though light on details, the accords outline how the countries will roll back their own tariffs and regulations on US goods while bro ...

The Trump administration said it reached trade agreements with Malaysia and Cambodia, and frameworks for deals with Thailand and Vietnam during President Trump’s trip across Asia https://t.co/uh2x1jdwkP ...

Trade Relations & Tariffs - The EU raised tariffs on steel imports, aiming to protect its market from global overcapacity, primarily stemming from China [1][2] - The EU emphasizes that the steel import restrictions are a horizontal measure, not specifically targeting any single country, but impacting all importers [2] - The US shares similar concerns with the EU regarding global steel overcapacity and protecting local markets, leading to engagement between the two [3] - EU-US trade relations are the largest in the world, with both being each other's largest trading partner, indicating significant economic stakes [4] Economic Growth & Uncertainty - Global trade uncertainty and tensions negatively affect growth, as the EU's economic model relies on open international trade [6] - The EU is committed to defending a functioning multilateral rules-based trading system and diversifying trade engagement through new trade agreements [6][7] - The EU has concluded trade agreements with Merkasur, Mexico, Switzerland, and Indonesia, and is negotiating with India, Thailand, and the United Arab Emirates [7] Investment Opportunities in Europe - The EU offers investors a single market of 450 million consumers and 26 million companies, characterized by predictability, rule of law, and strong institutions [9] - There is elevated investor interest in Euro-dominated assets due to the stability and predictability they offer in turbulent times [9] - Strengthening the competitiveness of the European economy and enhancing productivity growth is a priority for the current political cycle [9]

US-Canada Relations - Tensions between the US and Canada have been elevated due to tariffs, trade disputes, and discussions about Canada potentially becoming the 51st US state [2] - A White House official indicates that the meeting's primary goal is to solidify existing trade agreements between the two countries [2] - Discussions are expected to cover energy, border security, drug policy, trade, investment, and global conflicts including Gaza and Ukraine [3] Canadian Macroeconomic Issues - Canada is facing its own macroeconomic challenges related to inflation, employment, and housing [4]