US president had said he would raise levy to 15% after last week’s supreme court ruling
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US president had said he would raise levy to 15% after last week’s supreme court ruling
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Donald Trump’s new global tariffs have taken effect at 10%, even though he had threatened a higher rate of 15% over the weekend, providing “some relief” for British businesses, according to a lobby group.
After the US president suffered a defeat at the hands of the supreme court on Friday, which struck down his sweeping “liberation day” tariffs imposed last year, he angrily reacted by announcing a 10% global tariff, which he raised to 15% on Saturday in a post on his social media platform Truth Social.
Continue reading...Source: Guardian - World News
