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✨The White House argues that these temporary tariffs are intended to protect American workers, farmers, and producers, and to address trade imbalances. However, experts say that after the 150-day period, they cannot be extended without congressional approval, potentially leading to new legal battles. ✨Uncertainty prevails in the markets: While some assets (such as Bitcoin) saw gains after Friday's court decision, fluctuations occurred after Saturday's 15% announcement. Governments and trading partners worldwide are assessing potential retaliatory tariffs and supply chain impacts.
✨The Trump administration has signaled that it will launch new investigations and, if necessary, impose additional tariffs using other legal powers (such as Sections 232 and 301). This development indicates that Trump's "America First" trade policy will continue despite the Supreme Court's obstacle.
🙋The issue is rapidly evolving, and official details can be followed from the White House and the Department of Commerce. What are your thoughts?
#TrumpAnnouncesNewTariffs
US President Donald Trump has launched a new global tariff campaign after the Supreme Court declared previous tariffs based on broad emergency powers illegal. Trump announced on Saturday that he was raising the temporary 10% global import tariff, announced on Friday, to 15%. In a post on his Truth Social account, Trump stated that the new tariff, which he described as the "maximum legal limit," would take effect immediately, citing the fact that "many countries have exploited the US for decades."