Trump hikes global tariffs to 15% for five months after Supreme Court setback
TL;DR Summary
President Trump announced a temporary 15% global tariff on all imports to take effect Feb. 24 and last about five months, replacing the 10% plan that was struck down by the Supreme Court. The levy, authorized under the International Emergency Economic Powers Act (IEEPA) and reviewed after the ruling, may affect allies like the UK and Australia and must be approved by Congress to extend beyond five months.
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