US Edition
Winners and Losers From Trump's New 15% Global Tariff
The tariff, effective for up to 150 days, is expected to increase costs by $600–$800 per household, following a Supreme Court ruling restricting earlier tariff powers.
- Invoking Section 122, the White House announced President Donald Trump imposed a 15% global tariff after the Supreme Court ruled 6-3 that IEEPA did not grant broad tariff powers.
- The U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act did not grant broad tariff authority, citing the major questions doctrine, and Treasury Secretary Scott Bessent said the administration will use Sections 232 and 301 instead.
- Analysts note effective tariff rates shifted from 16% before the ruling to 9.1% after and rose to 13.7% once Section 122 tariffs were imposed by Trump.
- U.S. consumers and U.S. businesses will bear much of the cost, with researchers projecting average household costs of $600 to $800, while the tariff can remain in effect for 150 days.
- Around two dozen countries clinched bilateral deals to avoid reciprocal tariffs, raising questions about their future as the European Union and Britain have signalled a desire to retain deals.
23 Articles
23 Articles
Following his defeat in the Supreme Court, Donald Trump first imposed a 10% global tariff and then raised it to 15%. Moody's stated that the tariff war in the US will benefit China, while also favoring Korea and Taiwan.
The new global 15 percent tariff imposed by U.S. President Donald Trump came into effect this Tuesday as a Republican's temporary alternative after the Supreme Court invalidated much of its tax scheme. Trump made the announcement last Friday at a press conference in the White House, where he criticized the Supreme Court's "ridiculous" decision that invalidated the "reciprocal" tariffs and other measures taken under the International Emergency Po…
Trump 15% Global Tariff Stuns Washington
President Donald Trump’s new 15% global tariff, imposed under Section 122 of the Trade Act of 1974, is drawing legal scrutiny and economic debate. Analysts estimate the policy could cost the average U.S. household between $600 and $800. The move follows a Supreme Court decision limiting broader tariff authority under a separate emergency statute. President Trump invoked Section 122 of the Trade Act of 1974 to address balance-of-payments deficits…
Analysis Says Trump’s 15% Tariffs Could Cost Households $800
WASHINGTON, D.C. — Consumers and U.S. businesses are expected to bear much of the cost of President Donald Trump’s newly announced 15% global tariff, imposed under Section 122 of the Trade Act of 1974, following the Supreme Court’s decision limiting his earlier tariff authority. Trump invoked Section 122 to address what he described as balance-of-payments deficits. The temporary tariff can remain in effect for 150 days unless extended by Congres…
The United States and its Western allies have chosen chaos and death, it is not only a question of scaring themselves with a few Nazillions who are experts in thug fighting and of believing themselves in hiding in a group logic but of taking the measure of real fascism, the one whose mutation of Meloni based on nostalgia for the Second World War gave the example of lining up behind the EU and NATO. And this can only be achieved with a much wider…
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
