Feb 21 β€’ 16:16 UTC πŸ‡ͺπŸ‡Έ Spain El PaΓ­s

Trump now raises the new global tariff to 15%, just one day after setting it at 10%

President Trump has unexpectedly increased the global tariff from 10% to 15% in less than 24 hours, following criticism of a Supreme Court ruling regarding reciprocal tariffs.

President Trump has shifted his stance on the newly announced global tariff, increasing it from 10% to 15% just a day after it was set. This decision reflects the controversial and seemingly arbitrary nature of his economic policy, particularly in response to the U.S. Supreme Court's ruling that nullified previous reciprocal tariffs. The swift change illustrates Trump's willingness to adapt his decisions based on perceived economic threats and judicial challenges.

In a social media post on his platform, Truth, Trump criticized the Supreme Court's ruling as 'ridiculous and poorly drafted', indicating that he believes the court's interpretation undermines American economic interests. The president's quick pivot suggests a broader strategy to leverage tariff policies as a tool for domestic political messaging and to bolster his economic agenda ahead of potential national elections.

This increase in tariffs may have significant implications for international trade relations, as other nations may respond reciprocally to the elevated tariffs. Trump's erratic policy changes could further complicate negotiations with trade partners and provoke disputes within global economic forums, potentially straining international ties and domestic market stability.

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