Trump imposes temporary 10% global tariff for 150 days after court ruling
TL;DR Summary
President Trump signed an executive order to impose a temporary 10% global tariff for up to 150 days under Section 122 of the Trade Act, effective Feb. 24, while preserving existing Section 232 and 301 tariffs; the move follows a Supreme Court ruling that struck down authority under IEEPA for the prior broad tariffs and includes limited exemptions, with ongoing investigations into trade practices and a push to keep the broader tariff policy intact.
- Trump signs order imposing ‘temporary’ 10 percent global tariff after Supreme Court ruling Politico
- 6 Takeaways From the Supreme Court’s Tariff Decision The New York Times
- The Supreme Court’s IEEPA Tariff Ruling: Next Steps, Potential Refunds, and Guidance for Businesses Flexport
- Republicans quietly celebrate the demise of tariffs. That relief might not last. Politico
- Stock market today: Dow, S&P 500, Nasdaq jump to post weekly gains as Supreme Court strikes down Trump tariffs Yahoo Finance
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