President Joe Biden is set to escalate a long-standing trade conflict with major trading partners, following a surprise Supreme Court ruling that struck down reciprocal duties imposed by the previous administration. The high court's decision has cleared the way for the US to restore tariffs on billions of dollars' worth of imported goods, potentially reigniting a trade war that has had far-reaching consequences for industries and consumers alike. With the global economy still reeling from the COVID-19 pandemic, the renewed trade tensions could have significant implications for supply chains, jobs, and economic growth. As the White House prepares to implement the new trade policy, businesses and policymakers are bracing for the potential fallout.
US president to renew trade war after Supreme Court threw out reciprocal duties
