President Trump on Friday followed through on his earlier promise to sign an executive order imposing a 10% global tariff on every country importing goods into the United States. This comes in response to the Supreme Court invalidating his tariffs under the International Emergency Economic Powers Act (IEEPA). Trump signed the executive order, titled “Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems,” setting up the 10% ad valorem tariffs to take effect on February 24. “The United States plays a pivotal role in shaping the global economy. At the same time, the United States faces various threats to its own economy and national interests. Sometimes, the United States faces fundamental international payments problems, such as large and serious balance-of-payments deficits, an imminent…
Click here to read the full article at The Gateway Pundit.
