#us-15-global-tariff

#us-15-global-tariff

The so-called general license means U.S. sanctions will not apply for 30 days on deliveries of Russian oil that has been loaded on tankers as of Friday.

Hassett acknowledged that grocery prices have improved, but electricity prices remain high, along with health insurance and airline fares, indicating ongoing inflationary pressures.

Trump previously said he was implementing the new baseline duty under Section 122 of the Trade Act of 1974, which grants the president unilateral ability to impose tariffs. But the untested legal provision puts a 150-day limit on how long the duties can remain in place. Congress would need to approve any extension. The Supreme Court, in a 6-3 decision handed down earlier Friday, ruled that Trump's use of a decades-old federal emergency-powers law to impose his so-called "reciprocal" tariffs was unlawful.