Hours after the US Customs and Border Protection agency notified new 10 per cent global tariffs, the President Donald Trump-led administration said it is working to increase the levy to 15 per cent. A White House official on Tuesday said that Trump has had “no change of heart” regarding his decision to impose a 15% … Read more
The United States Customs and Border Protection has rolled out the 10 per cent tariff duties imposed on all imports which are not covered by exemptions. Trump imposed additional 10% tariffs under Section 122 of the Trade Act of 1974. (Bloomberg) However, this rate is lower than the 15 per cent duties promised earlier by … Read more
US Customs and Border Protection (CBP) says will halt collection of duties – deemed illegal by the Supreme Court last week – under International Emergency Economic Powers Act (IEEPA) at 12:01 am EST (0501 GMT) on Tuesday, February 24, Reuters reported. In a 6-3 ruling Friday, the US Supreme Court found that Trump’s use of … Read more