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In a significant development that could reshape global trade dynamics, US President Donald Trump announced plans to increase global tariffs to 15% from the current 10%.
The announcement, as reported by CNBC on Saturday, signals a hardening stance on trade policy from the Trump administration.
This move comes just one day after the Supreme Court delivered a major blow to the President’s trade agenda, striking down a broad swath of his policies. The timing of President Trump’s remarks suggests a defiant response, doubling down on his commitment to using tariffs as a key tool in his economic strategy.
The hike to 15% is expected to have widespread implications for businesses, consumers, and international relations, potentially leading to increased costs for imported goods and further escalations in trade disputes.
Source: Original Article
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