Trump's new 10% tariffs order: What's changed for countries after SCOTUS verdict, exemptions, trade deals & more

In a decisive move to reinforce his trade policies, US President Donald Trump has enacted an executive order imposing a 10% tariff on imports. This action follows a recent Supreme Court ruling that invalidated his broader global tariffs under the International Emergency Economic Powers Act (IEEPA). The new tariffs are set to impact a range of goods entering the United States, with the administration emphasizing the need to protect American industries and jobs. The decision has significant implications for trade relations, as countries previously exempted from tariffs may now face new duties. Analysts suggest that this move is part of Trump's strategy to maintain leverage in ongoing trade negotiations and to address domestic economic concerns. As the global trade landscape evolves, nations will need to reassess their export strategies to the US amidst these shifting tariff dynamics. The administration's approach underscores the ongoing complexities of international trade and the challenges posed by unilateral tariff actions, raising questions about potential retaliatory measures from affected countries.
Originally reported by LiveMint. Read original article
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