AssetID: 55502238
Headline: UNCAPTIONED: Trump's New Tariff Set At Lower Rate Than Expected
Caption: Trump’s New Tariff Set At Lower Rate Than Expected. Donald Trump’s new global tariffs have come into effect at 10%, despite an earlier pledge to raise the rate to 15%. Following a Supreme Court ruling that blocked many of his sweeping import taxes on Friday, Trump initially said he would impose a 10% rate. However, on Saturday, he announced the increase to 15%. But official documents now show that tariffs have been set at the lower 10% rate, with no directive to raise it. The White House has been contacted for comment. Analysts say the sudden change adds to the uncertainty surrounding tariffs, with risks of retaliation from US trading partners. Trump’s executive order stated the 10% tariff is designed to address international payment issues and rebalance trade to benefit US workers, farmers, and manufacturers. Despite the tariffs, the US trade deficit reached a new high last week, widening by 2.1%, hitting roughly $1.2 trillion. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,new global tariffs,effect,10%,15%,threatening,pledge,blocked,sweeping,import taxes,official documents,White House,retaliation,US trading partners,risks
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