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#TrumpAnnouncesNewTariffs 🚨
Donald Trump has once again shaken global markets! Amid ongoing tensions with the Supreme Court, new global taxes have been announced.
📋 Full Details (Main Highlights):
New Tax Rate: The Trump administration has announced a 10% global tariff that will be applied to all imported goods.
Time Period: These tariffs are imposed for 150 days under a "National Emergency."
Who Gets Exempt? Currently, Mexico and Canada are exempt from these harsh taxes, and some agricultural products have also been given relief.
Reason: Trump says that America's growing trade deficit is a threat to the country, and he wants to protect American jobs.
⚠️ Possible Impact:
Electronics and Tech: Prices of smartphones, laptops, and appliances may increase.
Global Trade War: China and the EU have already hinted that they will also take retaliatory measures.
Legal Battle: Since the Supreme Court previously declared old tariffs "illegal," there is a possibility of legal disputes over the new tariffs.
Note: This decision comes at a time when the global supply chain is already under pressure.