Trump weighs new batch of national security tariffs after Supreme Court ruling: report

President Trump is reportedly planning to introduce new tariffs on industries including large-scale batteries, iron fittings, plastic piping, industrial chemicals, power grid supplies, and telecom equipment. This move follows the Supreme Court's decision to overturn his earlier tariffs under the IEEPA, deeming them beyond presidential authority. The new tariffs, likely under Section 232 of the Trade Expansion Act, aim to address national security risks. These considerations arise amidst ongoing adjustments in tariff strategies, including on steel and aluminum, affecting their application and potentially increasing overall charges.

**Key Market Implications:**
- **Increased Costs:** Industries targeted by the new tariffs may face increased production costs, potentially leading to higher prices for consumers.
- **Supply Chain Disruptions:** Affected sectors might experience disruptions, prompting shifts in supply chain strategies.
- **Market Volatility:** Announcement of new tariffs could lead to market uncertainty and volatility, particularly within the affected industries.
- **Investment Caution:** Investors might become cautious, affecting stock prices in sectors anticipating higher operational costs.
- **Potential Trade Tensions:** These actions could escalate trade tensions with countries exporting targeted goods to the U.S., possibly affecting international trade relations.