Trump to Impose 10% Tariff on All Imports in Three Days
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Trump Imposes 10% Tariff on All Imports, Sparks Market Jump
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CNBC TV18•21-02-2026, 01:13
Trump Imposes 10% Tariff on All Imports, Sparks Market Jump
•US President Donald Trump announced a 10% increase in tariffs on all imports, effective in three days.
•The S&P 500 and Dollar Index surged to day highs following the announcement.
•The new tariffs are likely to be applied under Section 122 of the Trade Act of 1974, empowering the president to address balance-of-payments deficits.
•Trump stated he does not need Congressional approval for this action, despite earlier tariffs being struck down as 'illegal' by the Supreme Court.
•The move comes amidst rising unpopularity of tariff policies and potential investigations under Sections 301 and 232.
