US EditionTrump Bumps up Global Tariffs - Creating More Mess and Uncertainty for the World
President Trump raised global tariffs to 15% under the Trade Act of 1974 after the Supreme Court invalidated his prior tariff authority, aiming to support U.S. manufacturing and workers.
- In a Truth Social post Saturday, President Trump announced a 15% global tariff before lunchtime.
- The U.S. Supreme Court ruled by a six-to-three majority that the prior tariff method exceeded presidential powers under a 1977 law, prompting the administration to seek an alternative statutory route.
- Using Section 122 of the Trade Act of 1974, the administration invoked temporary duties and initially set 10% global tariffs.
- Foreign governments face growing confusion as exemptions for agricultural products, steel and cars create widespread uncertainty, prompting officials to seek clarity on rules affecting exporters and global markets.
- Seeking to replace the prior system, the Trump administration is exploring alternate legal avenues as the Supreme Court did not rule on repayment liabilities for prior tariffs.
14 Articles
14 Articles
NEWS TRACK: Trump Raises Global Tariff to 15%, Cites Decades of Unfair Trade Practices Worldwide Now
Donald Trump has announced an increase in the United States’ global tariff rate to 15 percent, days after initially declaring a 10 percent baseline duty on imports. The decision marks a sharp escalation in Washington’s trade posture and signals a renewed push toward protectionist economic measures. In a post shared on Truth Social, Trump wrote that several nations had “taken advantage of America for decades,” asserting that the revised tariff st…
After the U.S. Supreme Court ruled on the 20th (local time) that reciprocal tariffs based on the International Emergency Economic Powers Act (IEEPA) were unlawful, U.S. President Donald Trump immediately pulled out the 15% global tariff card. Immediately following the ruling, on the 20th, President Trump announced that he would impose a new 10% tariff on global imports under Section 122 of the Trade Act. A day later, on the 21st, he announced th…
One day after the U.S. Supreme Court struck down Donald Trump's trade policy, and after he signed an order imposing a 10% global tariff on all countries, the U.S. President has now announced that this tariff will be 15% and not 10%, as he said this Friday. He has indicated this through a message published on his Social Truth network, where he has once again charged the Supreme Justices—of conservative majority—who overturned their tariff policy …
President Trump announced on Saturday that he will increase global tariffs imposed on Friday from 10% to 15%.
Under Trump's leadership, both domestic and foreign policy have been taken in a new direction. The US has, among other things, attacked Iran and Venezuela, imposed tariffs on the outside world and tightened its tone towards European allies. Protests are underway in the US against the border police ICE and mid-term elections are expected this autumn. Follow the latest in the live report with our US correspondents Sofia Yohannes and Carl Fridh Kle…
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