Trump raises global tariff to 15%, what’s next in his trade arsenal?

Donald Trump raised a new global tariff from 10 percent to 15 percent just after the U.S. Supreme Court struck down his previous tariff system as illegal. Companies, including Costco, have filed over 1,000 lawsuits seeking refunds for earlier tariffs, but whether payments will be returned will be decided by the U.S. Court of International Trade and could take years. Economists say most tariff costs were actually paid by U.S. businesses and consumers, making refunds difficult for individuals to claim. Despite the court ruling, Trump still has several legal tools to impose tariffs, and global reactions have been cautious, with leaders such as Friedrich Merz warning that tariffs harm all sides and preparing discussions with Washington.

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