Feb 21 • 04:02 UTC 🇮🇳 India Aaj Tak (Hindi)

Trump imposes 10% global tariff on countries around the world

U.S. President Donald Trump has announced a new executive order imposing a 10% global tariff on all imports from every country shortly after a Supreme Court ruling deemed previous tariffs illegal.

In a significant policy shift, U.S. President Donald Trump has implemented a new global tariff of 10% on all imports from countries worldwide. This decision comes just hours after the U.S. Supreme Court ruled that his previous tariffs were illegal, presenting a swift response to the legal setback. The timing of this executive order underscores Trump's intention to maintain pressure on foreign nations concerning trade while steering clear of the constraints imposed by the court's ruling.

The imposition of the 10% global tariff reflects Trump's ongoing commitment to protecting American industries and workers, often characterized by his 'America First' trade policy. By broadening the scope of these tariffs, Trump aims to create a competitive advantage for domestic producers against foreign imports, which he views as a threat to U.S. economic interests. The repercussions of this move may lead to increased tensions with international trading partners as countries respond to these tariffs with their own trade measures.

Moreover, this decision could have significant implications for global trade dynamics, affecting not just tariff relations but also diplomatic ties. Critics argue that such unilateral actions may destabilize established trade agreements and provoke retaliatory tariffs, ultimately escalating into a trade war. As countries react, the landscape of international trade could be profoundly altered, impacting economies worldwide.

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