International

Explainer: Trump’s options after the US Supreme Court says his tariffs are illegal

But these alternatives come with more limits and procedural restrictions

The ruling against the tariffs is widely expected to lift US and global equities, says Rob Burdett, head of multi manager at Nedgroup Investments.

Stocks and US Treasury yields rise after Supreme Court scraps Trump’s tariffs

Court says the administration had exceeded its authority when it imposed reciprocal tariffs on trading partners

Growth in Europe this year is set to be buoyed by Germany’s spending splurge, while low and stable interest rates have helped lift consumer confidence to its highest since late 2024.

Eurozone business activity up on German manufacturing revival

It expands for the first time in more than 3½ years as the government ramps up expenditure on defence and infrastructure

Trump’s tariffs were forecast to generate over the next decade trillions of dollars in revenue for the United States, which possesses the world’s largest economy.

US Supreme Court strikes down Trump's global tariffs

The amount collected in tariffs would likely need to be refunded

At 09.30 am, the Dow Jones Industrial Average fell 169.22 points, or 0.34 per cent, to 49,225.94.

US stocks: Wall Street opens lower after economic data

WALL Street indexes opened lower on Friday (Feb 20) after data showed US economic growth slowed more than expected in the fourth quarter and inflation picked up in December.

Former South Korean president Yoon Suk-yeol was found guilty of subverting a Constitutional order by deploying troops to storm parliament and detain opponents.

South Korea’s ex-president Yoon says sorry for imposing martial law

He adds that he stands behind the ‘sincerity and purpose’ of his actions and calls the sentencing ‘predetermined’

Upper-income households are doing well while lower-income consumers are struggling amid high inflation from import tariffs and stalling wage growth.

US economic growth slows sharply in the fourth quarter

Gross domestic product increased at a 1.4% annualised rate last quarter

Finance Minister Rachel Reeves hopes the greater fiscal headroom she created in November’s Budget will be enough to avoid needing to make a mid-year change in fiscal policy.

UK public finances show record surplus in January

There is an excess of £30.4 billion, higher than economists’ forecast of £23.8 billion

Above: The Bank Indonesia headquarters in Jakarta. In 2026, it expects the current account deficit to be in the range of 0.1 to 0.9% of GDP.

Indonesia Q4 current account deficit at 0.7% of GDP

For the whole of 2025, it stands at US$1.5 billion, much lower than the 2024 deficit due to an increase in the merchandise trade surplus