By Admin 
Trump Tariffs: Last week, businessmen got relief when the Supreme Court of the United States banned Trump tariffs. But soon after that, President Donald Trump announced the imposition of a global tariff of first 10 percent and then increasing it to 15 percent. Now there are indications that this series of tariffs will not end here. New investigation on national security grounds According to Bloomberg report, the US administration is investigating the impact of imports on sectors like batteries, electric grid equipment, telecom equipment, industrial chemicals, plastics, plastic pipes and cast iron.
Is the tariff game yet to come?
This proposed investigation will be conducted under Section 232 of the Trade Expansion Act of 1962. This provision allows new tariffs to be imposed on national security grounds. This development has come to light at a time when a new global tariff has been announced after the decision of the Supreme Court. According to officials, the 10 percent tariff will come into effect from Tuesday morning, although Trump has talked about increasing it to 15 percent.
New rates for five months
The new rates of global tariff have been implemented for the next five months. Meanwhile, the Trump administration is also working on the option of an alternative import tax to compensate for the tariffs rejected by the court. Trump’s warning: On Monday, Trump had warned that heavy tariffs could be imposed on countries that try to take advantage of the Supreme Court’s decision.
Trump’s new threat
After the Supreme Court set limits on the use of emergency power, the administration is also considering other legal options, so that business strategies and agreements can be maintained. European Union’s response: On the other hand, the European Union has currently put on hold a possible trade agreement with Washington.
European lawmakers have made it clear that they will move forward only after receiving detailed clarification on the US administration’s tariff policy. That is, there remains uncertainty in the global trade environment and more major developments regarding tariffs may be seen in the coming days.
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