![\"A](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/02\/a-steel-worker-walks-beside-steel-coils-during-a-visit-of-eu-RYOXHSY6HRFZVJU5MWVE4UBV3A.jpg\")
<\/p>\nGovernments and companies around the world scrambled today to determine the impact of the US Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs.<\/p>\n
The latest twist in the US tariff roller coaster ride, launched when President Donald Trump returned to office 13 months ago and upended dozens of trading relationships with the world\u2019s biggest economy, roiled trade officials from South Korea to South America and well beyond.<\/p>\n
South Korea\u2019s Trade Ministry called for an emergency meeting Saturday (local time) to understand the new landscape. Some specific exports to the US, like automobiles and steel, aren\u2019t affected by the US high court decision. Those that are affected will likely now be covered by a new 10% tariff imposed by an executive order Trump signed Friday (local time). Trump announced Saturday morning (local time) that he would raise the tariff to 15%.<\/p>\n
In Paris, French President Emmanuel Macron hailed the checks and balances in the United States, praising the \u201crule of law” during a visit to a Paris agricultural fair: \u201cIt\u2019s a good thing to have powers and counter-powers in democracies. We should welcome that.\u201d<\/p>\n
But he cautioned against any triumphalism.<\/p>\n
Officials were going over the language of bilateral or multilateral deals struck with the US in recent months, even as they braced for new swings. Trump said Friday (local time) he plans new 10% global tariffs, under different rules.<\/p>\n
\u201cI note that President Trump, a few hours ago, said he had reworked some measures to introduce new tariffs, more limited ones, but applying to everyone,\u201d Macron said. \u201cSo we\u2019ll look closely at the exact consequences, what can be done, and we will adapt.\u201d<\/p>\n
<\/p>\n
A steel worker walks beside steel coils during a visit of EU Commissioner for Prosperity and Industrial Strategy Stephane Sejourne at the Thyssenkrupp steelworks in Duisburg, Germany, after the EU Steel Action plan was presented, Thursday, March 20, 2025. (Source: Associated Press)<\/p>\n
Businesses brace south of the border \u2013 and beyond<\/p>\n
Alluding to the new 10% tariff threat, Sergio Berm\u00fadez, head of an industrial parks company in Ciudad Ju\u00e1rez, Mexico, along the Texas border, said Trump \u201csays a lot of things, and many of them aren\u2019t true. All of the businesses I know are analysing, trying to figure out how it\u2019s going to affect them”.<\/p>\n
The impact could be felt especially in Juarez: Much of its economy depends on factories producing goods to export to consumers in the US, the result of decades of free trade between the US and Mexico.<\/p>\n
The policy swoons in the United States over the last year have made many global business leaders cautious, as they struggle to forecast and see investment take a hit.<\/p>\n
Governments and companies around the world scrambled to determine the impact of the US Supreme Court ruling that struck down some of the Trump administration sweeping global tariffs. (Source: 1News)<\/p>\n
Economy Secretary Marcelo Ebrard on Friday (local time) said Mexico was watching the tariffs with a \u201ccool head,\u201d noting that 85% of Mexico\u2019s exports face no tariff, largely because of the United States-Mexico-Canada agreement. He plans a trip to the US to meet with economic officials next week.<\/p>\n
CEO Alan Russell of Tecma, which helps American businesses set up operations in Mexico, has seen his job grow increasingly complicated over the past year \u2013 his company’s workload has surged as much as fourfold as it grapples with new import requirements. He worries the last US moves will only make things more difficult.<\/p>\n
\u201cWe wake up every day with new challenges. That word \u2018uncertainty\u2019 has been the greatest enemy,\u201d said Russell, who is American. \u201cThe difficult part has been not being clear what the rules are today or what they\u2019re going to be tomorrow.”<\/p>\n
![\"Avocados](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/02\/avocados-imported-from-mexico-are-for-sale-in-a-supermarket-45YYUVAWGVAXTDG6HZJC5I2ZNM.jpg\")
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Avocados imported from Mexico are for sale in a supermarket in Miami as the United States imposed 25% tariffs on goods from Canada and Mexico, starting a trade war with its closest neighbors and allies Wednesday, March 5, 2025. (Source: Associated Press)<\/p>\n
Looking for a piece of possible tariff refunds<\/p>\n
Some US importers who paid what may turn out to be excess tariffs are looking for possible refunds \u2013 likely a very complex process \u2013 and some foreign companies may want to get their piece, too.<\/p>\n
Bernd Lange, chairman of the European Parliament\u2019s trade committee, insisted on Deutschland radio that excess tariffs \u201cmust be refunded\u201d. He estimates German companies or their US importers alone overpaid more than 100 billion euros (NZD$197 billion).<\/p>\n
Swissmem, a top technology industry association in Switzerland, hailed a \u201cgood decision\u201d from the Supreme Court, writing on X that its exports to the US fell 18% in the fourth quarter alone \u2013 a period when Switzerland was facing much higher US tariffs than most neighboring countries in Europe.<\/p>\n
\u201cThe high tariffs have severely damaged the tech industry,” Swissmem President Martin Hirzel said on X, while acknowledging the dust is far from settled. \u201cHowever, today\u2019s ruling doesn\u2019t win anything yet.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Governments and companies around the world scrambled today to determine the impact of the US Supreme Court ruling…\n","protected":false},"author":2,"featured_media":296592,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[65,219,42,43,64,40,38,41,39],"class_list":{"0":"post-296591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-donald-trump","9":"tag-economy","10":"tag-headlines","11":"tag-news","12":"tag-north-america","13":"tag-top-news","14":"tag-top-stories","15":"tag-topnews","16":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/296591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=296591"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/296591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/296592"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=296591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=296591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=296591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}