What's Next for Trade as Trump Ups Global Tariff to 15% - Yahoo Finance
U.S. President Donald Trump announced an increase in the global tariff from 10% to 15%, utilizing Section 122 of the 1974 Trade Act to impose the higher tariffs for up to 150 days without congressional approval. The move has implications for international trade policy and economic relations.
US President Donald Trump said he will increase the global 10% tariff to 15%. He is applying the new baseline tariff under Section 122 of the 1974 Trade Act, which allows the president to impose tariffs for 150 days without congressional approval. Bloomberg's Laura Davison breaks down the situation.
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