US EditionTrump says he will raise global tariffs from 10% to 15% after Supreme Court setback
President Trump raised the global import tariff to 15% under Section 122 of the Trade Act, allowing temporary duties for up to 150 days after the Supreme Court struck down his previous tariff authority.
- Trump announced an increase in the US global tariff rate to 15% following a Supreme Court decision he described as anti-American.
- The increased 15% tariff rate is temporary and allowed by law for up to 150 days.
- Exemptions from the tariff remain for certain sectors like pharmaceuticals and goods under the US-Mexico-Canada agreement.
- The Supreme Court ruled 6-3 that a 1977 law does not authorize the President to impose tariffs, prompting Trump's criticism of the court.
395 Articles
395 Articles
Trump Asserts Unprecedented Executive Power Post-Supreme Court Ruling
Donald Trump has issued a chilling assertion of executive dominance following a landmark legal defeat that threatened to dismantle his protectionist economic agenda. From the White House briefing room, the President reacted to a major setback by claiming he possesses the authority to cripple foreign economies at will. The outburst has rattled global markets, signalling that the administration is prepared to sidestep judicial restraints by escala…
Why did Trump raise global tariffs to 15%? #world
What the White House did and the short term fallout The president moved to increase a newly announced global levy to 15 percent after the U.S. Supreme Court curtailed his earlier sweeping tariff authority. The high court had recently ruled that many of the emergency tariffs the administration had…
On Friday, February 20, in response to the Supreme Court's decision to consider a large part of its tariffs illegal, the President of the United States announced a global increase of 15% of tariffs. The billionaire denounced on his social network a "absurd, ill-written and deeply anti-American decision".
Yesterday, the 10 percent tax was still being discussed. The new tax is a response to the Supreme Court's decision to strike down previous tariffs imposed by the US president.
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