The latest tariff upheaval in Washington has rattled the global economy, as the US Supreme Court ruled President Donald Trump overstepped his authority with last year's "reciprocal" tariffs — only for him to quickly re‑impose new universal levies of 15%.

Businesses initially hopeful after the ruling now face growing uncertainty, with European manufacturers like Germany's Ziehl‑Abegg among the hardest hit. At the same time, China unexpectedly gains a competitive edge in the US market.