After facing a setback from the Supreme Court, Donald Trump has decided to move forward with his trade agenda by implementing a new wave of global tariffs. He revealed in a statement that he has signed an order imposing a 10% tariff on all countries, effective from midnight on February 24 for a period of 150 days. This move is designed to address long-standing grievances that Trump has regarding trade practices which he argues have unfairly disadvantaged the United States for decades without retaliation from those nations.

In a statement on the Truth platform, Trump further escalated his trade policy by announcing that he would raise these tariffs to the legally permissible maximum of 15%. He cited the Section 212 of the Trade Act of 1974, which allows for such tariffs but limits their duration to five months. Trump's rhetoric emphasizes that many countries have taken advantage of the U.S. economically, and he positions his administration's response as a necessary measure to correct these perceived injustices.

This announcement has significant implications not only for the U.S. economy but also for global trade relations. Critics may argue that such increases in tariffs could trigger retaliatory actions from affected nations, potentially leading to a trade war that could disrupt markets and supply chains. Furthermore, Trump's willingness to go ahead with these tariffs regardless of judicial setbacks highlights his commitment to his economic policies, possibly aiming to solidify his base ahead of future electoral endeavors.