Trump says he will raise global tariffs from 10% to 15% after Supreme Court setback
President Trump raised global tariffs to the legal 15% maximum using Section 122 of the Trade Act of 1974 after the Supreme Court limited his emergency tariff powers.
- 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.
510 Articles
510 Articles
Trump raises new global tariff to 15% a day after setting it at 10%
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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 program, the administration was hiking the import levies "t…
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