Trump Signs New 10% Global Tariff Despite Supreme Court Defeat: Will BTC Crash Again?
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The US Supreme Court ruled against Trump's tariffs, stating he cannot impose taxes on imports using the IEEPA. In response, Trump announced a new 10% temporary tariff on goods from all countries, citing a previously unused law, Section 122.
On Friday, the US Supreme Court ruled against President Trump’s tariffs, indicating that he could not use a 1977 law – the International Emergency Economic Powers Act (IEEPA) – to levy taxes on imports from almost all countries.
Trump’s reaction was immediate, calling the ruling a disgrace and threatening to take even more actions. He did so hours later, announcing a new 10% temporary tariff on goods from all countries under a law that was never used before, known as Section 122.
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In This News
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$ 68.00K
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Trump Signs New 10% Global Tariff Despite Supreme Court Defeat: Will BTC Crash Again?
Share:
The US Supreme Court ruled against Trump's tariffs, stating he cannot impose taxes on imports using the IEEPA. In response, Trump announced a new 10% temporary tariff on goods from all countries, citing a previously unused law, Section 122.
On Friday, the US Supreme Court ruled against President Trump’s tariffs, indicating that he could not use a 1977 law – the International Emergency Economic Powers Act (IEEPA) – to levy taxes on imports from almost all countries.
Trump’s reaction was immediate, calling the ruling a disgrace and threatening to take even more actions. He did so hours later, announcing a new 10% temporary tariff on goods from all countries under a law that was never used before, known as Section 122.
In This News
Coins
$ 68.00K
+0.06%Share:
In This News
Coins
$ 68.00K
+0.06%Share:
Read More
Bitcoin price slips after Trump hikes worldwide tariff to 15% from 10% despite Supreme Court decision