US President Donald Trump has raised global tariffs on goodsimported from 10 percent to 15 percent. The decision, announced on Saturday in a Truth Social post,comes one day after the US supreme court struck down his previous sweepingglobal tariffs. Trump said he was “absolutely ashamed” of some of thejustices who voted in favour of rescinding his order. He doubled down on his stance in his Saturday post, callingthe court’s decision “ridiculous, poorly written, and extraordinarilyanti-American”. “Please let this statement serve to represent that I, asPresident of the United States of America, will be, effective immediately,raising the 10% Worldwide Tariff on Countries, many of which have been‘ripping’ the U.S. off for decades, without retribution (until I came along!),to the fully allowed, and legally tested, 15% level,” Trump said. The US president said his administration will determine andissue the new tariffs in the next “short number” of months. The tariffs were meant to take effect on February 24, beforethe Supreme Court affirmed a lower court’s finding that Trump’s reliance on the1977 International Emergency Economic Powers Act (IEEPA) to introduce thetariffs was unlawful. In a 6–3 decision, the court ruled that Trump oversteppedhis authority by invoking a law designed for national emergencies to imposebroad import taxes without congressional approval. However, the decision allowed some tariffs on specific goodsfrom certain countries to remain in place — potentially giving theadministration a path to restructure parts of its trade policy.
Related Articles
Don't miss out on breaking stories and in-depth articles.