Thread: President Trump 2.0
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Old Today, 11:43   #2640
1andrew1
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Re: President Trump 2.0
More chaos for American business and those poor souls trying to export there.
Quote:
US Treasury Secretary Scott Bessent said the US was "likely" to implement a 15% global tariff this week, following conflicting statements from President Donald Trump about the rate.

The new tariff is intended to replace the sweeping global import taxes Trump imposed last year but were recently struck down by the Supreme Court.

The White House responded to that ruling by imposing a levy at 10% - despite Trump claiming on social media it would be 15%.

The contradiction sparked widespread global confusion at the time, with businesses and world leaders calling for clarity.

White House officials have previously said they were working on paperwork to align the duties with Trump's statements.

They have dismissed the significance of the court ruling, saying they can use other legal tools to restore the tariff policies, which they say will help rebalance trade, boost domestic manufacturing and pay down US debt.
https://www.bbc.co.uk/news/articles/cjwzzq70qgvo
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