The US Supreme Court ruled that President Donald Trump had exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs as well as targeted import taxes to address fentanyl trafficking. Just hours later in a press conference, Trump called the ruling “deeply disappointing” and said he would impose a 10% global tariff under Section 122. He declared all national security tariffs under Section 232 and existing Section 301 tariffs to be in full force. To discuss Trump’s new actions and how markets are responding, Bloomberg’s Michael McKee speaks with reporters Jeff Mason, Enda Curran and Jordan Fitzgerald in a Live Q&A today at 2:30 p.m. EST. While anyone can listen, Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team questions to answer in real-time. This conversation will be recorded and made available.