World leaders hold their breath for Trump’s next tariff move  – POLITICO

BRUSSELS — America’s trade partners expressed quiet relief at the Supreme Court’s rebuke of President Donald Trump’s tariffs on Friday, but they are already bracing for his next trade salvo.

In a bombshell 6-3 ruling, the top U.S. court struck down the sweeping “reciprocal” tariffs Trump imposed on trading partners last year, when he levied a 15 percent baseline tariff on most EU goods and a 10 percent duty on U.K. exports. 

The decision — which applies to tariffs imposed under the International Emergency Economic Powers Act — does not affect sector-specific duties on sectors like steel, aluminum and automotive.