Last mentioned: Mar 16, 2026
Market Reaction
Asian markets trade mixed as new levies take effect and AI fears hit software stocks.
Trump Warning
President warns of higher tariffs for countries that 'play games' after court ruling.
Citrini Report
Research firm warns of AI disruption risks to fintech and delivery sectors.
Liberation Day
Trump administration announces sweeping tariff policy under specific legal authority.
President Donald Trump has slammed a US Supreme Court decision invalidating his global tariffs, asserting an 'absolute right' to impose trade barriers through alternative administrative means. The move signals a deepening constitutional conflict over executive trade authority and introduces fresh volatility into global markets.
Asian equities traded mixed as investors navigated a US Supreme Court ruling striking down key tariff authorities and new reports highlighting AI's disruptive threat to legacy software and fintech sectors. While Japan reaffirmed trade pacts, the EU is demanding clarity from Washington, adding to global trade friction.
The US Supreme Court has invalidated the Trump administration's sweeping global tariffs, ruling that the executive branch overstepped its authority under the 1977 International Emergency Economic Powers Act. This landmark decision halts the collection of levies that had already reached $134 billion, offering immediate relief to the retail and e-commerce sectors.