Trump Tariffs: US leader threatens to raise global levies to 15% from 10%
US President, Donald Trump’s new global tariffs are now in effect at 10%, not the 15% he had threatened after last week’s Supreme Court ruling. The new duties are set to remain in place for 150 days, unless Congress approves an extension. The Trump administration is applying the levy under Section 122 of the 1974 Trade Act. Mr Trump warns the tariff could increase to 15%, but no clear timeline has been set for when that might take effect. Certain goods are still expected to remain exempt from the new duties. Jagruti Dave with more from Washington DC.
US President, Donald Trump’s new global tariffs are now in effect at 10%, not the 15% he had threatened after last week’s Supreme Court ruling. The new duties are set to remain in place for 150 days, unless Congress approves an extension. The Trump administration is applying the levy under Section 122 of the 1974 Trade Act. Mr Trump warns the tariff could increase to 15%, but no clear timeline has been set for when that might take effect. Certain goods are still expected to remain exempt from the new duties. Jagruti Dave with more from Washington DC.
Popular Shows
