International Desk, Feb 24 (EFE).-
The United States will begin on Tuesday to apply a global tariff on foreign products of 10 percent, despite the recent announcement by President Donald Trump to impose a global levy of 15 percent, which adds uncertainty and confusion about US tariff policy.
On Friday, after the Supreme Court overturned most of Trump’s tariff measures, the president announced that he would quickly implement a fixed 10 percent tariff for all of his trading partners under a different law.
Subsequently, Trump published a message on his handle on the social media platform Truth Social in which he said that, with immediate effect, he would raise that global tariff from 10 to 15 percent, a level that he felt was totally legal.
However, the US Customs and Border Protection sent a statement Monday informing importers that the fee would initially be 10 percent and that it would apply to all countries over a 150-day period unless specifically exempt.
This confirms that the global tariff will begin at 10 percent, although the administration is working to raise it to 15 percent in a separate order that Trump must sign and for which there is no date, according to NBC.
The Supreme Court’s ruling that struck down Trump’s power to raise or lower tariffs without prior congressional approval has created confusion in international markets.
The European Union has rescinded, for the time being, the trade agreement signed with the United States until its tariff policy, one of the pillars of the Trump administration, is clearer.
And other countries like India, China and the UK are studying their future course of action, since the agreements signed with the US and based on the International Emergency Economic Powers Act have gone without effect as the US Supreme Court has ruled that Trump misused it. EFE
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