Recently, Trump announced a significant move — signing an order to impose a 10% tariff on all imported goods from every country, effective almost immediately from February 24th at midnight Eastern Time.

The interesting part is that not all goods are subject to tariffs. The White House has exempted certain items such as personal cars, some light trucks, aerospace products, natural resources, and fertilizers. This strategy seems aimed at protecting key sectors while impacting other import activities.

But here’s the intriguing part — Trump also declared he would revoke additional tariffs imposed under the International Emergency Economic Powers Act. Why? Because the Supreme Court recently ruled that using this law to levy taxes is illegal — it does not grant him the authority to impose such tariffs. This marks a turning point in the global geopolitical game.

Trump clearly was dissatisfied with this ruling, calling it a mistake and expressing shame toward some members of the court. Nonetheless, the court’s decision has established a new legal framework. Looking at the bigger picture, this is a strategic move in the global landscape — a summary of the pathway into the core of the economic universe, where these policies will impact markets from all angles.

Investors should pay close attention to subsequent developments, as this tax policy will deeply influence commodity prices, exchange rates, and related assets.