tariffs

US President Donald Trump announced sweeping 10% global tariffs hours after the Supreme Court ruled he lacked authority to impose blanket import duties under emergency legislation, escalating international trade tensions and triggering currency market volatility.

The US Supreme Court ruled 6-3 that President Donald Trump exceeded his legal authority by imposing sweeping global tariffs under emergency powers, delivering a significant blow to executive trade policy autonomy.

The United States Supreme Court has ruled President Donald Trump's sweeping global tariffs illegal, a decision that could unlock export opportunities for African nations including South Africa and Nigeria.