July 22, 2026
President Donald Trump has extensively used tariffs (import taxes) since returning to the White House, arguing they boost American manufacturing and reduce trade deficits, though critics contend they raise consumer prices and harm the global economy. In February 2026, the Supreme Court ruled Trump exceeded his authority by using emergency powers to impose tariffs without Congressional approval, resulting in billions in refunds, but Trump has continued implementing tariffs through alternative legal provisions. The tariffs have affected numerous countries with rates ranging from 10% to 50%, including special arrangements like the UK's 10% rate on most goods negotiated in June 2025.
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Read full article from source: BBC