Trump's (R) Reworked Global Tariffs, will begin on 2/25/2026, at a Rate of 10%, Despite Him saying over the Weekend that they would start at 15%.
On Friday, after the Supreme Court Struck Down most of Trump's Tariff Agenda, Trump announced that He would Quickly Implement a 10% Flat Tariff for All Trading Ppartners using a Different Trade Law.
One Day Later, Trump posted on Truth Social, that "Effective Immediately" He would be "Raising the 10% Worldwide Tariff, to the Fully Allowed, and Legally Tested, 15% level."
Under the Trade Law that the Administration is now Turning to, called Section 122, Tariffs of Up to 15%, can be Quickly Applied but only for up to 150 Day, then Trump haa to go to Congress for another 150 Days.
Hours before the Sweeping Tariff was set to take Effect, U.S. Customs and Border Protection (CBP) sent a Memo to Importers, informing them that the Rate would be 10% at First, and that it would Apply to "every country for a period of 150 days, unless Specifically Exempt".
The Back-and-Forth over Rates, Underscores what Companies, Investors, and Foreign Governments have Warned. it is a Teturn to Trade "Chaos" from Early in Trump's Second Term.
"Pure tariff chaos from the U.S. administration," Bernd Lange, a Top European Union (EU) Lawmaker wrote Sunday on X. "No one can make sense of it anymore — only open questions and growing uncertainty."
As a Result of the Renewed Uncertainty, the EU earlier Monday, Froze Implementation of a Massive Trade Deal Lnked with Trump, from the Summer 2025.
Other Trading Partners, such as: China India, Switzerland, and the United Kingdom (UK), are also Considering what to do Now.
Most of the Trade Framework Deals reached between the Trump Administration and Foreign Trading Partners since Early Last Year, have been Under the International Emergency Economic Powers Act, the 1977 Law the Supreme Court said Trump Improperly Used when He Imposed Sweeping Tariffs 2025.

NYC Wins When Everyone Can Vote! Michael H. Drucker



No comments:
Post a Comment