"Reciprocal Tariffs" are no longer valid! Trump defines trade "nuclear weapon"!
On February 25, White House officials stated that the previous ones are invalid! Trump is committed to raising temporary tariffs from 10% to 15%, and plans to launch a "Section 232 national security" investigation on certain goods.
On February 20, the U.S. Supreme Court ruled that Trump's "reciprocal tariffs" and "fentanyl tariffs" were illegal. On February 22, Trump announced: all previous taxes are null and void. It seemed that the U.S. Supreme Court had stopped Trump's tariff barriers, but after the White House revoked the IEEPA tariffs, it was embarrassed, and then replaced the legal provisions to continue collecting tariffs, using the temporary tariff of Section 122 and the Section 232 national security investigation. The tax rate under Section 122 was raised from 10% to 15%, and launching the Section 232 national security investigation is even harsher.
Previously called "reciprocal tariffs," meaning you collect as much from me as I collect from you, but now it's not possible anymore, as the court ruled that you don't have this power. Seeing that it didn't work, Trump quickly found a new strategy. The 15% tariff applies to certain specific countries, but the Section 232 national security investigation will also impose additional taxes on goods from allies.
The Supreme Court ruling brought hope for America's trade partners! Trump's determination to promote trade protectionism has left the world in despair!
Original: toutiao.com/article/1858086152787979/
Statement: This article represents the personal views of the author.