In a significant development, the Biden administration is set to announce new tariffs on imported goods, a move that comes on the heels of the US Supreme Court's landmark ruling in February. The high court struck down several of former President Trump's sweeping levies, leaving the Biden administration to reassess its trade policy. The new tariffs are likely to target specific industries or countries, aiming to address ongoing trade imbalances and protect American industries. As the administration finalizes the details, manufacturers, consumers, and trade experts are bracing for the potential impact on the US economy.
Move comes after the US Supreme Court struck down many of Trump's sweeping levies in February.
