Trump’s new global tariffs kick in at 10% – business live

Rolling coverage of the latest economic and financial news Trump’s new global 10% tariff is being applied under Section 122 of the 1974 Trade Act, which allows the president to impose the charge for 150 days without congressional approval. The president has used this approach after the supreme court ruled that he had violated an emergency-powers law to enact his “reciprocal” tariffs on imported goods from countries around the world. We want to have clarity from the US that they are respecting...

By Lauren Almeida