New US tariffs on imported goods took effect Tuesday, marking President Trump’s renewed focus on trade policy following a Supreme Court decision impacting previous global duties.
The tariffs, initially set at 10%, are intended to address “large and serious United States balance-of-payments deficits,” according to a White House statement released Friday.
President Trump has indicated plans to increase the tariffs to 15%. However, exclusions are anticipated for goods under sector-specific investigations and those covered by the USMCA trade agreement. (AFP)
