Global markets tumble and gold climbs as Trump announces new global tariffs following court ruling
Global stocks fell Monday as President Trump raised planned import tariffs to 15 percent. Gold prices surged while investors weighed trade policy uncertainty.
Insights:
President Donald Trump announced a new 15% tariff on all imports into the United States 
US on Monday, following a U.S. Supreme Court decision that struck down previous emergency tariffs. The administration is invoking Section 122 of the Trade Act of 1974 to implement the measure, which is tied to a specific 150-day period under the law. The move represents an immediate policy response to the court's ruling and marks a significant escalation from an initially announced 10% rate.
US on Monday, following a U.S. Supreme Court decision that struck down previous emergency tariffs. The administration is invoking Section 122 of the Trade Act of 1974 to implement the measure, which is tied to a specific 150-day period under the law. The move represents an immediate policy response to the court's ruling and marks a significant escalation from an initially announced 10% rate.
