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The US Supreme Court has invalidated Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), dealing a significant blow to his trade policy. In response, Trump has raised global tariffs to 15% under Section 122 of the Trade Act of 1974, effective February 24, 2026
*Key Implications:*
- _Tariff Revenue_: The US government is expected to raise $53.8 billion in federal revenue in 2026, down from the projected $171.1 billion under IEEPA tariffs.
- _Economic Impact_: The tariffs may reduce US GDP by 0.1-0.2% in the long run, while increasing consumer prices by $600-800 per household.
- _Global Trade_: Countries like India, Japan, and the EU may face a uniform 15% tariff rate, potentially undermining recent trade deals.
*Country-Specific Impacts:*
- _India_: Indian exporters may receive immediate relief, with tariffs reduced from 25% to 15%.
- _China_: China’s exports to the US may face a 35% tariff rate, combining Section 122 and Section 301 tariffs.
- _EU and Japan_: The EU and Japan may retaliate with their own tariffs, affecting US exports..#TrumpNewTariffs #TokenizedRealEstate #Write2Earn #TrendingTopic #BTC