Trump’s new tariff threats trigger economic uncertainty; trade deals stall
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US President Donald Trump has announced plans to impose a 15% tariff through Section 122 of the Trade Act of 1974 following a US Supreme Court ruling that deemed his use of the International Emergency Economic Powers Act unlawful. The court's decision was made on Friday, and Trump stated he would introduce a 10% tariff, increasing it to 15% by Saturday. This move comes after Trump claimed he does not need congressional approval for tariffs, citing a previous court decision as evidence. The tariffs are set to expire unless Congress extends them. Trump's plan has triggered economic uncertainty and stalled trade deals. A recent poll found that 64% of Americans disapprove of the president's handling of tariffs.
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