The Trump administration announced new tariffs on more than 80 countries, ranging from 10% to 12.5%, effective Friday morning. This decision comes just before a temporary levy on global imports was set to expire. The move is part of President Trump's ongoing strategy to impose tariffs without congressional approval, despite a Supreme Court ruling in February that determined he had unlawfully exercised executive power in implementing global trade policies. President Trump has argued that the U.S. has been overpaying in tariffs and that higher duties are essential for boosting American manufacturing and job creation.
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Trump Administration Implements New Tariffs on Over 80 Countries
The Trump administration has introduced new tariffs on over 80 countries, set to take effect on Friday, with rates between 10% and 12.5%. This action follows a Supreme Court ruling that found the president had previously overstepped his executive authority in trade matters.
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What to know about Trump’s new tariffs on more than 80 countries
Trump Administration Implements New Tariffs on Over 80 Countries