Live Blog USA under Trump: Trump Signs Decree for Worldwide Tariff of Ten Percent
US President Donald Trump has signed a decree imposing a ten percent tariff on all countries, effective immediately.
US President Donald Trump has officially signed a decree instituting a ten percent tariff on goods imported from all countries, stating that it will take effect immediately. This decision, announced via his social media platform Truth Social, comes amid increasing tensions surrounding trade and tariffs. Trump's move is viewed as an attempt to exert control over economic policies as he faces mounting pressure from various fronts, including judicial challenges and political opposition.
The implementation of this new tariff follows a major legal setback for Trump, as the US Supreme Court ruled that many of his previous tariffs were largely unlawful. This decision is seen as one of the most significant defeats he has encountered during his second term in office, highlighting the ongoing legal battles he faces in his administration. Some commentators note that the timing of this decree could be a strategic response to the Supreme Court's ruling, indicating Trump's intent to push back against judicial authority.
As the live blog continues to update, analysts and the public alike await further developments regarding the economic implications of this tariff. Questions remain about how it will affect international relations, global trade dynamics, and Trump's political standing moving forward, particularly as he navigates through this tumultuous phase of his presidency and its impacts on the US economy and foreign policy.