President Donald Trump is implementing new tariffs and maintaining existing ones following a Supreme Court ruling that invalidated most of his previous levies under the International Emergency Economic Powers Act. A 10% global tariff has already taken effect, with plans to increase it to 15%, potentially costing U.S. households an extra $800 over 150 days. While some products may see reduced tariffs, many imported goods still face high duties, impacting consumer prices significantly.
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