On Tuesday morning, President Donald Trump's new global tariffs were officially implemented, and there are indications they could increase in the near future. Following a Supreme Court ruling that deemed previous tariffs imposed by the administration as illegal, the Customs and Border Protection agency announced it would stop collecting those taxes. The new tariff rates are a direct response to this ruling and are based on a law that allows the president to impose tariffs of up to 15% for a duration of 150 days without Congressional approval, raising questions about future tariff strategies once this period concludes.

Trump has expressed intentions to further raise these tariffs to 15%, although he has yet to formalize this order. Reports suggest that the White House is currently working on drafting this executive directive. The original intent behind these tariffs appears rooted in an economic strategy designed to reshape global trade dynamics, which has been a cornerstone of Trump's presidency.

As these developments unfold, it remains uncertain how markets, global economies, and trade relationships may react to these newly established tariffs. Many analysts are keeping a close watch on the administration's next steps, especially as the ultimate fate of the tariffs and potential increases remains unclear after the initial implementation period. This scenario underscores the ongoing complexities in U.S. trade policies and their international ramifications.