Trump Implements 10% Global Tariff Following Supreme Court Ruling on Import Taxes
In a significant development for international trade, US President Donald Trump has instituted a new global tariff of 10% following a ruling by the Supreme Court that blocked many of his previous import taxes. This new levy, which came into effect recently, underscores the administration's ongoing attempts to reshape trade policy amid legal and political challenges. The tariff is set to last for 150 days, created under the authority of Section 122 of the 1974 Trade Act, which enables the imposition of such charges without the need for congressional approval. US Trade Representative Jamieson Greer confirmed the implementation of the... [Continue Reading]
