US EditionTrump says he will raise global tariffs from 10% to 15% after Supreme Court setback
President Trump raised global tariffs to the maximum 15% after a Supreme Court ruling limited his previous authority, aiming to address trade deficits and unfair practices.
- 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.
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LATEST | Donald Trump hikes US global tariff rate to 15 percent
President Donald Trump raised the global duty on imports into the United States to 15 percent on Saturday, doubling down on his promise to maintain his aggressive tariff policy a day after the Supreme Court ruled much of it illegal. Trump said on his Truth Social platform that after a thorough review of Friday’s “extraordinarily anti-American decision” by the court to rein in his tariff programme, the administration was hiking the import levies …
Trade setup for February 23 after Supreme Court verdict on Trump tariffs: Top 15 things to know before the opening bell
As long as the index holds above this level, along with the positive signal from the US Supreme Court striking down Trump’s tariffs with a 6–3 vote—though Trump later announced an increase in global tariffs to 15 percent from 10 percent—a possible move toward the 25,900–26,000 levels (which also coincide with recent swing highs) may occur in the upcoming sessions.
The Gop could reject the new increases. However, uncertainty must be overcome within two months.Donald Trump's reaction to the US Supreme Court ruling that denied his exclusive power to impose duties without Congress approval was to sign Friday an additional 10% tariff to all imports, starting from February 24, for a period of 5 months that could be extended by Congress itself. Yesterday he changed his mind and increased the additional duty to 1…
Trump increases tariffs according to Supreme Court defeat from 10 to 15 percent. He now uses a trade law instead of emergency law as a basis. The EU plans countermeasures. Merz wants to talk to Trump. Experts fear chaos in world trade.
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