Following a Supreme Court ruling against the use of emergency powers for tariffs, the President announced plans for a 10% global import tax under a different law, which was subsequently raised to 15%. Critics argue this action lacks the required emergency conditions and constitutes a tax on American citizens, rather than a legally sound trade policy. This move has drawn swift condemnation from across the political spectrum, with concerns raised about its economic impact and potential legal challenges.
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In response to the influx of low-cost imports, EU finance ministers have decided to implement a €3 tax on all small parcels entering the bloc beginning July 1, 2026. This decision follows the earlier agreement to eliminate duty exemptions for packages under €150, primarily from Chinese platforms. The temporary fixed fee aims to address unfair competition faced by European retailers and will remain in effect until a permanent import tax solution is established. With a staggering 4.6 billion small packages entering the EU last year, the majority originating from China, this move is a priority, especially for countries like France.
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John Q. Hosedrinker