U.S. Supreme Court's 'sharpest rebuke' to Trump's tariffs is not that impactful: Analyst

• The Supreme Court ruling on tariffs is not highly impactful as the President has other authorities (e.g., Section 122, Section 301) to implement tariffs.
• The Trump administration is expected to recreate the reciprocal tariff regime, with a global tariff rate potentially rising to 15% from 10%.
• This ruling is the 'sharpest rebuke' to the Trump administration's trade policies, but trade partners like Australia, Singapore, and the UK face 'bad news' with potential higher tariffs.
• China is adopting a 'wait-and-see' approach, feeling it is in a stronger position relative to the U.S. on trade.

An analyst discusses the U.S. Supreme Court's ruling on tariffs, stating it may not be impactful as the Trump administration can still recreate tariffs under other authorities like Section 122 or 301. This is seen as a 'sharp rebuke' to the administration, but trade partners should expect continued tariff regimes. China is adopting a wait-and-see approach, feeling it's in a stronger position.