Lawmakers and experts criticize Trump's 10% global tariff

Lawmakers and experts criticize Trump's 10% global tariff — Cointelegraph.com News
Source: Cointelegraph.com News

The tariffs imposed by US President Donald Trump, including the 10% global tariff announced on Friday, drew criticism from lawmakers, Washington, DC–based think tanks and attorneys. US Senator Rand Paul said the tariffs are a tax increase on "working families and small businesses," and Rep.

Ro Khanna added, "Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war." The US Supreme Court struck down Trump’s authority to levy tariffs under the IEEPA, and the president responded by announcing new 10% global tariffs.

"Effective immediately, all national security tariffs, Section 232, and existing Section 301 tariffs, remain in place, and in full force and effect. Today, I will sign an order to impose a 10% global tariff," he said, noting the new tariff will be imposed on top of already existing rates.

United States, Washington, DC

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