•1 min read•from PetaPixel
The Tariff Situation Isn’t Getting Better for Photographers After All
Yesterday, the U.S. Supreme Court struck down President Trump's global tariffs he instituted last year based on the 1977 International Emergency Economic Powers Act (IEEPA). Hours later, the president announced new 10% global tariffs against most imports under Section 122 of the Trade Act of 1974. Today, the president said he is actually going to raise the tariffs to 15%, the maximum allowed under the trade law he is using for his latest tariffs.
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