Trump had said he would raise levy to 15% after last week’s supreme court ruling
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.
According to a notice from the US customs agency, “an additional 10% ad valorem duty on imported articles of every country” has been imposed for a period of 150 days from Tuesday, unless specifically exempt.
I hope those penguins will be able to pay.
It’s Americans who will be paying, if they want what the penguins have to offer. That’ll teach those judges!
Hardly anyone seems to call this what it is: a grifter skimming off the top… of everything. The ultimate middleman. It’s a grab, not geopolitical.
Tax is a dirty word. Tarriff is a beautiful word. Spot the difference?