The Supreme Court’s ruling against US President Donald Trump’s tariffs has countries like China and South Korea watching for Washington’s next steps, while financial markets took the news in stride.
The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025.
China’s Commerce Ministry said it was conducting a “comprehensive assessment of” the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.
“China urges the United States to lift the unilateral tariffs imposed on trading partners,” an unnamed ministry spokesman said in a statement.
The statement reiterated Beijing’s stance that there are no winners in a trade war and that the measures Trump had announced “not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party,” th​The Supreme Court’s ruling against US President Donald Trump’s tariffs has countries like China and South Korea watching for Washington’s next steps, while financial markets took the news in stride.
The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025.
China’s Commerce Ministry said it was conducting a “comprehensive assessment of” the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA.
“China urges the United States to lift the unilateral tariffs imposed on trading partners,” an unnamed ministry spokesman said in a statement.
The statement reiterated Beijing’s stance that there are no winners in a trade war and that the measures Trump had announced “not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party,” th ​Latest News [ SOBAN NEWS: International and National ]
