Trump issues new 10% global tariff
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Indonesia secures 19% US tariff deal
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A 6-3 Supreme Court decision striking down the White House's import taxes under an emergency authority gave power back to Congress.
Trade experts note that businesses seeking tariff refunds may need to appeal to CBP or the Court of International Trade to get their money back after the Supreme Court's ruling.
Supreme Court limits Trump's tariff powers as trade duties surge 300% since his return, generating $124 billion in revenue but raising consumer concerns.
Mediaite on MSN
Trump Announces ‘10% Tariff on All Countries’
President Donald Trump said he will impose a 10% tariff on goods from every country and that it "will be effective almost immediately." The post Trump Announces ‘10% Tariff on All Countries’ first appeared on Mediaite.
Sen. Maria Cantwell (D-Wash.) penned a letter to Treasury Secretary Scott Bessent asking for a “detailed explanation” of how the Department of the Treasury will dole out tariff refunds in the wake of
Business Insider on MSN
From Section 122 on down, Trump readies his new tariff toolkit
The Supreme Court blocked Trump's IEEPA tariffs, but he has other ways to impose sweeping duties — some of which are already being dusted off.
Trump kicked off his global tariff push on Apr. 2, 2025, a date he dubbed “Liberation Day.” He imposed so-called “reciprocal tariffs” ranging from 10% to 50% on a broad range of countries, from China to Canada. He argued that persistent trade deficits constituted a national emergency.
Trump announced the idea of rebates in November, writing on Truth Social that a check of “at least $2,000 a person (not including high income people!) will be paid to everyone” using revenue collected from his tariffs. He later said that any leftover money would be used to “SUBSTANTIALLY” pay down the nation’s around $38 trillion national debt.