Trump warns countries they could face something 'far worse' if they try to renegotiate trade deals. What options do they have?

The article focuses on the implications of the U.S. Supreme Court's decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA) during the Trump administration. This ruling removes the main leverage behind several recent trade agreements, complicating relations with U.S. trading partners who face uncertainty about whether to uphold or renegotiate deals amid the risk of new tariffs. Despite the ruling, President Trump has imposed a universal 10% tariff under Section 122 of the 1974 Trade Act and retains authority to apply tariffs under other statutes, such as Section 232 (national security) and Section 301 (unfair trade practices), potentially leading to a complex and fragmented U.S. trade policy. Several countries are adopting a cautious approach, monitoring developments while weighing the political and economic costs of their commitments. [Extracted from the article]