Markets Remain Calm Despite Uncertainty over Trump’s Tariffs – La Nación | 23/02/26

The U.S. Supreme Court ruling declaring illegal the tariffs imposed by Donald Trump under the International Emergency Economic Powers Act drew attention from China and South Korea and could affect trade agreements reached since April 2025, although markets reacted with relative calm; China announced a “comprehensive assessment” and urged the removal of unilateral tariffs, while Trump proposed replacing them with a new global 10% tariff under Section 122 of the Trade Act of 1974, later raised to 15%, potentially easing pressure on some Asian countries but increasing duties for allies such as Japan and the United Kingdom; U.S. Trade Representative Jamieson Greer said existing agreements remain in place, South Korea’s Trade Minister Kim Jung-kwan warned of greater uncertainty if new measures are imposed and called for stronger export competitiveness, and Treasury Secretary Scott Bessent stated that tariff revenues will remain stable and that the government will comply with court rulings; in the markets, S&P 500 and Dow Jones futures fell 0.6% and 0.5%, oil declined, the dollar weakened, and Hong Kong’s Hang Seng rose 2.4%. Link to Article