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Trump slaps 10% levy on imports after top court struck down his tariffs
The Supreme Court has struck down part of President Donald Trump’s global tariff programme. It was a key piece of his effort to shrink the US trade deficit. But new numbers suggest that strategy may not have worked as planned. Last year, the gap between what America imported and what it exported hit a record US$1.2 trillion. That happened even with the highest tariffs in eight decades in place. Meanwhile, Deborah Elms, Head of Trade Policy at the Hinrich Foundation, details the ripple effects that the Supreme Court’s ruling could have on Mr Trump’s broader trade strategy.Â
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