The Trump administration introduced new tariffs on imports from over 80 countries, effective Friday, ranging between 10% and 12.5%. This move aims to maintain trade levies despite legal challenges.
These tariffs follow a Supreme Court ruling that found the president had exceeded his authority in previous trade actions. Trump argues these measures protect American manufacturing and jobs.
Just before a temporary levy on global imports was set to expire, the Trump administration issued a fresh wave of tariffs on more than 80 countries late on Thursday, ranging from 10% to 12.5%. The new tariffs take effect Friday morning.
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It’s Donald Trump’s latest effort to continue imposing global levies without congressional approval, despite the supreme court ruling in February that found the US president had illegally used his executive power to implement his global trade policies. Trump has long maintained that the US has been paying more than its fair share in tariffs, and that increased duties are necessary to boost American manufacturing and jobs.
Here’s what to know about Trump’s latest round of tariffs.
More context: Tesla’s profits decline as company focuses on robotics, AI, and autonomous driving.
Background: New US Tariffs May Be Imposed as Existing Trade Duties Near Expiration.
Also read: Canadian PM Carney and US President Trump Commit to Strengthen Trade Negotiations.
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