What did the Supreme Court ruling change on trump tariffs?

The Supreme Court struck down many tariffs imposed under IEEPA, reducing immediate duties on a wide set of goods. This lowers the trade-weighted US tariff to 8.3% from 15.4% before any new measures. However, a new 10% duty has been proposed, which could reverse part of that relief if implemented broadly.

How could a 10% import duty affect Singapore exporters?

A broad 10% import duty would pressure margins for electronics, machinery, and petrochemicals. Expect price renegotiations, faster shipping requests, and tighter logistics capacity. Singapore firms should clarify who bears duty in contracts, align Incoterms, and review currency hedges to manage pass-through and cash flow timing.

What should investors in Singapore watch first?

Watch US customs guidance, any product exclusions, and freight rate moves. Track Singapore PMI new export orders and non-oil domestic exports for early demand shifts. On markets, monitor the S&P 500 around the 6,805 to 7,019 band and liquidity conditions, as volatility can rise during policy changes.

Is now a good time to buy US equities after the trump tariffs news?

Signals are mixed. The S&P 500 sits near its 50-day average with neutral RSI and soft MACD. A staged entry with defined stop-loss levels can manage risk. Prefer quality companies with pricing power and low input-cost sensitivity while you wait for clarity on scope and exemptions.

Law and Government

^GSPC Today, February 22: SCOTUS Strikes Down Tariffs; 10% Levy Looms

ByDanny Kontos February 22, 2026February 22, 2026

trump tariffs are back in focus after the US Supreme Court struck down many levies set under IEEPA. At the same time, a new 10% import duty is flagged for 150 days starting Tuesday. The trade-weighted US tariff drops to 8.3% from 15.4% before any fresh measures bite. We explain what this means for Singapore investors, Asian exporters, and the S&P 500, with clear scenarios and risk markers to track this week.