Supreme Court decision against Trump's tariffs raises uncertainty, but markets stay calm
ABC News
China has urged the United States to stop imposing one-sided tariffs
BANGKOK -- The Supreme Court's ruling against U.S. 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," the official Xinhua News Agency cited the spokesperson as saying.
Japan has recorded a trade surplus of 57.3 billion yen, or $360 million, in February, according to government data, reversing from a deficit a month earlier
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide
The Wisconsin state Senate has passed a $133 million package to combat contamination from forever chemicals
Colombia says it is seeking a license from the U.S. Treasury Department to invest in several electricity and natural gas ventures in Venezuela
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases
Argentina’s wine industry, once a thriving business, is facing its worst crisis in more than 15 years, with record low domestic consumption and a drop in exports
United Arab Emirates lifts brief airspace closure over Iranian attacks
The transfer of federal forest land in Arizona to a pair of international companies that plan to mine one of the largest copper deposits in North America is complete
Self-storage company Public Storage is buying National Storage Affiliates in an all-stock deal worth about $10.5 billion
The outgoing head of the Ms. Foundation says the fight for political equality in the U.S. is far from over
The European Union is weighing options to help keep the Strait of Hormuz open for global shipping
Renewable energy projects in Africa that depend on Middle Eastern sovereign wealth funds and state-backed companies will likely press ahead despite the Iran conflict, analysts say, thanks to the continent's surging appetite for power and fuel
Duke, Arizona, Michigan and Florida lead title odds for March Madness, bettors expect chalky results
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