Feb 21 • 07:03 UTC 🇮🇳 India Aaj Tak (Hindi)

Trump will impose an additional 10% tariff on all countries

President Donald Trump announced plans to implement a global tariff of 10% following a Supreme Court decision, asserting his constitutional authority to enforce such a policy.

Following a recent Supreme Court ruling, President Donald Trump held a media briefing where he declared his intent to impose an additional 10% tariff on all countries. He emphasized that he possesses the constitutional authority to enforce these tariff policies, suggesting a firm stance against global trade practices that he perceives as unfair. Trump's announcement indicates a significant escalation in trade tensions as he aims to reshape the economic landscape by leveraging tariff measures.

The proposed 10% global tariff is part of Trump's broader strategy to protect American industries and jobs, which he argues are under threat from foreign competition. By invoking his constitutional powers, he is signaling to both domestic and international audiences that he is prepared to take decisive action despite potential backlash or challenges from Congress or the courts. This move may invite significant scrutiny and debate regarding its implications for international trade relations.

As the global economy remains fragile due to ongoing uncertainties such as the pandemic and geopolitical tensions, Trump's tariff announcement is likely to provoke reactions from trading partners around the world. Countries that rely heavily on exports to the U.S. might find themselves re-evaluating their trade strategies in response to these new tariffs, potentially leading to retaliatory measures that could further escalate trade hostilities.

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