Summary
President Donald Trump announced he will impose a 15% tariff on all goods entering the U.S. This announcement came after the Supreme Court struck down his earlier import taxes. The new tariffs will start on February 24 and last for about five months unless Congress approves them.
Key Facts
- President Trump aims to set a 15% tariff on all imports into the U.S.
- The decision follows a Supreme Court ruling that nullified his previous tariffs.
- The new tariffs will begin on February 24, 2024.
- These tariffs can last for about five months without congressional approval.
- President Trump shared the increase from 10% to 15% on Truth Social.
- For the tariffs to continue beyond five months, congressional approval is necessary.
