00:00In a major ruling, the U.S. Supreme Court struck down U.S. President Donald Trump's authority to impose sweeping
00:06global tariffs.
00:07Trump then announced a 10 percent levy on global imports, later lifting it to 15 percent.
00:13Canadian Minister Dominic LeBlanc, who's in charge of trade with the U.S., says the decision reinforces Canada's position that
00:21the U.S. imposed tariffs are unjustified.
00:23While other world leaders say the Supreme Court decision reinforces democratic checks and balances.
00:31For those who think Supreme Courts create problems in political life, a Supreme Court looked at the Constitution and said,
00:37this is not in line with the Constitution.
00:40Now everyone says, this is great, there you go. It's good to have checks and balances in democracies.
00:46For some countries, the ruling offers immediate relief.
00:49India's exports to the U.S. had been subject to 50 percent tariffs, set to be lowered to 25 percent
00:56under a new trade deal, and now falling to the new 15 percent levy.
01:01Now, India is delaying U.S. trade talks that had been expected this week.
01:05But many countries are questioning how the move will impact ongoing trade agreements, and whether Trump will find other ways
01:12to circumvent the Supreme Court ruling.
01:14EU leaders say they expect Washington to uphold the trade deal reached last year, and will accept no further increase
01:21in tariffs.
01:22While Asian economies are cautiously monitoring the impact, with South Korea, Japan, and Taiwan saying they will consult with U
01:29.S. officials.
01:31The government will continue to engage in constructive talks with the U.S. to ensure that the balance of interests
01:37secured under the South Korea-U.S. tariff agreement, grounded in the principle of maximizing our national interest, remains intact.
01:44And some analysts say Asian economies are unlikely to keep negotiating new trade deals with Washington.
01:49I don't expect much would happen because I doubt most Asian economies will try to use as a leverage in
01:57the negotiations with the U.S.
01:59Because for many of them, the U.S. is not just a major export destination.
02:05It is also a security partner, especially for countries like Japan and Korea, a technology partner, and also a financial
02:13anchor.
02:13So the dominant instinct would be risk management rather than confrontation or trying to renegotiate the deals.
02:22Even without new negotiations, countries are still waiting for clarity on new tariff mechanisms and hoping the U.S. will
02:29still honor its side of the deal.
02:31Yuan Duan and Lily Lamatina for Taiwan Plus.
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