Liveblog USA under Trump: Trump signs decree on worldwide tariff of ten percent
US President Donald Trump has signed a decree to impose a ten percent worldwide tariff on imports, despite a recent Supreme Court ruling declaring his previous tariffs illegal.
In a significant move following a Supreme Court ruling that deemed his tariffs illegal, US President Donald Trump has signed a new decree imposing a ten percent tariff on all imports to the United States. This measure is set to take effect next Tuesday, signaling Trump's determination to leverage tariffs as a tool for trade policy despite legal challenges. The White House has indicated that there will be several exceptions to this tariff, notably excluding pharmaceuticals and automobiles, among others, which could impact various sectors and their pricing strategies.
The decree represents an ongoing effort by Trump to assert control over US trade policies, particularly in the face of opposition from judicial branches. Trump's administration has been adamant about pursuing aggressive tariff strategies as part of his broader economic agenda, which aims at protecting American industries and jobs. However, these strategies have faced criticism for potentially escalating trade tensions and leading to price increases for consumers. The situation highlights the complexities of tariffs as a mechanism for economic policy and their implications for international trade.
In the backdrop of this announcement, legal and political controversies surrounding Trump's tariff policies persist, with some observers anticipating further challenges in courts. The Supreme Court's previous ruling against his tariffs has initiated a wave of discussions regarding the legality and appropriateness of such economic measures. As the live blog covering Trump's presidency continues to unfold, updates on developments regarding tariffs and their broader implications for US trade relations will be closely monitored.