Trump, White House and Global Tariff
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U.S. allies and partners like the U.K. and the European Union facing higher tariffs but countries like Brazil, China and India get a reprieve.
Between the results of those investigations, a lack of clarity surrounding tariff refunds and geopolitical ramifications that threaten deals Trump made with trading partners to lower auto tariff rates, the global supply chain is now in a “very confused state,” Wedbush analysts said in a Feb. 23 research note.
The Trump Administration will “invoke alternative legal authorities” for tariffs, Treasury Secretary Scott Bessent said in Dallas on Friday, hours after the U.S. Supreme Court overturned the President’s far-reaching import duties.
President Donald Trump announced he would be using other federal statutes to impose tariffs after the Supreme Court struck down his sweeping levies.
The White House said the agreement will open India’s 1.4-billion-strong market to US goods, cut tariffs, and advance talks toward a broader bilateral trade pact.
Some Democratic lawmakers plan to boycott Trump’s speech, which president has signaled will run long – key US politics stories from Tuesday, 24 February at a glance
New York Governor Kathy Hochul on Tuesday called on the Trump administration to issue $13.5 billion in tariff refunds after the U.S. Supreme Court struck down President Donald Trump's sweeping tariffs.