Trump pivots to 10% global tariff after Supreme Court defeat – and threatens to push it even higher
President Trump’s new universal 10% tariff on imports has taken effect, reshaping global trade.
The tariff uses a 1970s law as a temporary tool to address trade imbalances.
Confusion reigns as the rate was briefly threatened to be 15% and may still increase.
The move has sparked international criticism and frozen some trade deals.
Businesses face higher costs and uncertainty while preparing for legal battles over refunds.
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