New Tariff Policy Takes Effect
President Trump's 10% global tariffs officially came into effect on Tuesday, marking a significant step in his trade strategy. This move follows the Supreme Court's earlier rejection of broader trade measures, sparking widespread debate.
Swift Response and Executive Action
Hours after the Supreme Court's ruling, Trump signed an executive order implementing the new tariff policy. This rapid response highlights the administration's firm stance on trade matters.
- New tariffs start at 10%
- Potential increase to 15% suggested
- Policy targets global imports
Future Policy Directions
Although Trump has indicated the possibility of raising tariffs to 15%, no formal announcement has been made as of Tuesday midnight. According to an official, the executive order for higher tariffs is still being prepared, with no set timeline for implementation.