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Trump sets new 10–12.5% tariffs on 60 countries after Supreme Court struck down old ones
📈 Business

Trump sets new 10–12.5% tariffs on 60 countries after Supreme Court struck down old ones

On 23 July, the Trump administration announced new tariffs of 10% or 12.5% on trade with 60 countries and blocs, including the EU, replacing the previous flat 10% global rate struck down by the US Supreme Court. The new duties were imposed by executive action, meaning their fate rests entirely with the president. The move marks a continuation of Trump's trade war strategy following the court's intervention.

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