Trump Trade Tariffs: Uncertainty for Businesses & Global Economy

by Marcus Liu - Business Editor
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Macron Cautions Against Overreacting to US Tariff Ruling, Trump Vows New Measures

French President Emmanuel Macron welcomed the U.S. Supreme Court’s decision invalidating tariffs imposed by former President Donald Trump, but urged caution against drawing rapid conclusions. This comes as Trump swiftly responded by signing an executive order introducing a 10% global tariff under a different legal authority.

Supreme Court Ruling and Macron’s Response

The U.S. Supreme Court on Friday struck down sweeping tariffs imposed since April on nearly every country worldwide. Macron stated, “It’s not a bad thing to have supreme courts and the rule of law… It’s good to have powers and counter-powers in democracies. We should welcome that,” at the opening of the annual Paris agricultural show [Euractiv].

However, Macron cautioned against complacency, noting Trump’s immediate reaction to rework the measures and introduce new tariffs. “We shouldn’t go too fast,” he said, adding that France will “glance precisely at the consequences, what can be done and we will adapt.” [Euractiv]

Trump’s Countermeasures

Within hours of the Supreme Court’s decision, Trump signed an executive order imposing a 10% global tariff, utilizing a different legal basis. This move demonstrates Trump’s continued reliance on tariffs as a tool for diplomatic pressure, and negotiation. [Tribune.com.pk]

France’s Trade Priorities

Macron reiterated France’s commitment to maintaining exports of key products, including agricultural goods, luxury items, fashion, cosmetics, and aerospace products. He emphasized the importance of reciprocity and avoiding unilateral decisions. “If this helps to calm things down, that’s good,” he added. [Euractiv]

Previous Tariff Threats

This situation follows previous threats by Trump to impose tariffs, including a January 20, 2026, threat to impose 200% tariffs on French wines and champagnes in an attempt to influence Macron. [Reuters]

(aw)

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