New tariffs of 10% announced by Donald Trump came into effect, as the White House attempts to salvage the president's trade strategy following the Supreme Court's decision against previous tariffs.
The new global tariffs of 10% announced by President Donald Trump went into effect at midnight on Tuesday (Washington time), marking an effort by the White House to salvage the president's trade strategy after the previous sweeping retaliatory tariffs were struck down by the Supreme Court. Although Trump had threatened to increase the universal tariff to 15%, no official action to implement such an increase had been issued by the time the measure took effect, leaving the applicable rate at 10% for now.
According to a U.S. government official, the White House is working on an official order to raise the rate to 15%, but the timeline for implementation has not been finalized. Trump's latest move comes after he signed an executive order last Friday, just hours after the Supreme Court ruled that he had violated laws governing emergency powers when imposing the previously contentious tariffs. The ruling effectively blocked his earlier attempts, forcing him to find alternative legal pathways to enforce his trade agenda.
This ongoing situation reflects the challenging landscape of U.S. trade policy under the Trump administration, where legal rulings can significantly impact strategic decisions and the enforcement of tariffs. The implications of these changes will likely affect international trade relations, as countries adjust their economic strategies in response to U.S. tariff policies.
