Automotive News & Trends

Incensed Trump raises tariffs from 10% to 15% causing more trade turmoil

President Trump escalated global tariffs to 15% following a Supreme Court rebuff, citing Section 122 of the Trade Act to address balance-of-payments deficits. This move, driven by pique, is expected to disrupt global trade and faces potential legal challenges due to inconsistent trade balances with various nations.

Times of India

23d ago

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