Trump says he will raise global tariffs to 15% after Supreme Court decision
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President Trump said on Saturday that he is going to raise his global tariff to 15%, up from 10% he imposed on Friday, after the Supreme Court struck down a set of sweeping global tariffs. In:
President Trump said on Saturday that he is going to raise his global tariff to 15%, up from 10% he imposed on Friday, after the Supreme Court struck down a set of sweeping global tariffs.
Mr. Trump said in a social media post that he was making the decision "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday," by the U.S. Supreme Court.
"Please let this statement serve to represent that I, as President 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," he wrote in a Truth Social post.
Infuriated by the high court's ruling, Mr. Trump signed a proclamation on Friday that enabled him to bypass Congress and impose a 10% tax on most imports to the United States. The law allows the president to impose a levy of up to 15% for 150 days, although it could face legal challenges.
Mr. Trump went on to say that his administration would "determine and issue the new and legally permissible Tariffs, which will continue our extraordinary successful process of Making America Great Again."
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