The Trump administration's new 10% global tariffs officially took effect today, implementing one of the most sweeping trade measures in recent memory despite last week's Supreme Court ruling against the president's "reciprocal" tariff proposals.
As previously reported, the Supreme Court's decision blocking reciprocal tariffs was initially welcomed by exporters worldwide. However, analyst Neil Wilson warns this legal victory may have backfired, potentially driving the administration toward more aggressive trade measures.
The broad-based tariffs represent a significant escalation from the targeted approach seen in earlier trade disputes. Unlike previous sector-specific levies, these new measures apply across virtually all imported goods.
Meanwhile, in a separate development highlighting ongoing tech industry dynamics, Meta announced a substantial $60 billion chip deal with AMD, suggesting companies are positioning themselves amid the changing trade landscape.
The implementation comes as trading partners consider retaliatory measures, raising concerns about a broader escalation in global trade tensions.