Global Trade Partners React to US Tariff Ruling, New 10% Levy

Governments worldwide are recalibrating trade strategies after the US Supreme Court voided President Donald Trump’s emergency tariffs, triggering a new 10% global tariff under separate statutory authority. The European Union convened an emergency meeting for February 23, 2026, to reassess its trade pact with Washington. South Korea’s trade ministry confirmed the ruling nullifies the 15% reciprocal tariff on its exports, though sectoral duties on automobiles and steel persist. Germany warned that uncertainty remains high, while France threatened countermeasures using the Anti-Coercion Instrument. Officials in Brazil, Taiwan, and Hong Kong projected limited exposure to the new 10% tariff, as India and Malaysia evaluate the evolving legal landscape.