Across Asia, policymakers and business leaders are once again trying to make sense of a tariff whiplash.
This time, after the Supreme Court ruled President Donald Trump's signature tariff strategy illegal.
A top official in Japan's ruling Liberal Democratic Party called the tariff situation a real mess,
while sources say Indian officials are postponing talks to finalize New Delhi's pact with the US.
Much of the confusion comes from Trump's workaround response to the Supreme Court ruling,
and his threats to impose fresh tariffs on trading partners.
He announced a temporary 10% global tariff that went into effect Tuesday,
and said he plans to raise it to 15%.
Trump's also getting ready to launch a series of investigations
that could pile on even more import duties.
Some are tied to national security, others are connected to Section 301 of a trade act.
They could allow the US to impose retaliatory levies on countries
carrying out unreasonable or discriminatory actions against American trade.
The President is sending out a series of warnings today via Truth Social
about any country that doubts his ability to impose tariffs in this fashion.
He said any country that wants to play games with the ridiculous Supreme Court decision,
buyer beware.
After Trump announced his Liberation Day tariffs almost a year ago,
countries in Asia raced to negotiate trade deals with the US.
Now they're wondering if they're going to have to renegotiate,