Tariff Turmoil 2.0
U.S. allies across Europe voiced alarm and frustration after President Donald Trump said Saturday that he was hiking his newly announced global tariff to 15%, less than a day after announcing a 10% worldwide duty.
On Friday, Trump announced the blanket 10% import tax for all foreign trading partners after most of his sweeping country-by-country tariffs were struck down by the Supreme Court.
(NBC News)
Tariffs were an anathema to free trade international relation trade oriented GOP prior to Donald Trump taking over the party and making it mirror his own beliefs. The current administration imposed a sweeping new trade order that upended many long standing norms throughout the World. Much to the President’s chagrin the Supreme Court finally weighed in and they were not having it and struck most of the tariffs down prompting many companies and nations demanding refunds.
