The U.S. Ends Some Tariff Measures, White House Confirms New Tariffs Will Take Effect

The White House confirmed the termination of certain tariff measures

The White House confirmed that, following a ruling by the U.S. Supreme Court, the tariffs related to previous executive orders and based on the International Emergency Economic Powers Act will no longer be valid.

The U.S. Supreme Court announced its ruling on the 20th, determining that the large-scale tariff policy implemented by the Trump administration under the International Emergency Economic Powers Act was illegal.

U.S. President Trump called the court's ruling a disgrace and stated he has a backup plan. He pointed out that he would impose an additional 10% global tariff on top of the already implemented tariffs. The White House said that the new tariffs signed by Trump will take effect on February 24 and will last for 150 days.

Original: toutiao.com/article/1857702782870729/

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