U.S. President Donald Trump has launched a new global tariff campaign after the Supreme Court declared previous tariffs based on broad emergency powers illegal. Trump announced on Saturday that he would raise the temporary global import tariff from 10%, announced on Friday, to 15%. In a post on his Truth Social account, Trump stated that the new tariff, which he described as the "legal maximum limit," would take effect immediately, citing the fact that "many countries have been exploiting the U.S. for decades."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#TrumpAnnouncesNewTariffs
U.S. President Donald Trump has launched a new global tariff campaign after the Supreme Court declared previous tariffs based on broad emergency powers illegal. Trump announced on Saturday that he would raise the temporary global import tariff from 10%, announced on Friday, to 15%. In a post on his Truth Social account, Trump stated that the new tariff, which he described as the "legal maximum limit," would take effect immediately, citing the fact that "many countries have been exploiting the U.S. for decades."