Economics

World Leaders Scope Out US’s Next Steps After Tariff Ruling

A container ship approaches the Busan Port Terminal in South Korea.Photographer: SeongJoon Cho/Bloomberg

Governments around the world reacted with caution after the US Supreme Court invalidated President Donald Trump’s broad emergency tariffs, with some reaffirming existing agreements and others taking a wait-and-see approach to evaluate his next steps.

South Korea said the ruling voids the 15% “reciprocal” tariff currently applied to its goods, while adding that it would continue talks on the implementation of last year’s trade agreement. Indonesia, which finalized its deal on Thursday locking in a 19% duty on its American exports, said it’s monitoring the court decision and Trump’s subsequent move to impose a 10% global tariff under a different statute.