Trump Wants To Impose 15% Tariff, Up From 10%, After ‘Anti-American’ Supreme Court Decision
HuffPost
The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.
WASHINGTON (AP) — President Donald Trump said Saturday that he was raising the global tariff he wants to impose to 15%, up from 10% he had announced a day earlier.
Trump said in a social media post on 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.
After the court ruled he didn’t have the emergency power to impose many sweeping tariffs, Trump signed an executive order on Friday night that enabled him to bypass Congress and impose a 10% tax on imports from around the world. The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.
Trump’s post significantly ratcheting up a global tax on imports to the U.S. yet again was the latest sign that despite the court’s check, the Republican president was intent on continuing to wield in an unpredictable manner his favorite tool to for the economy and to apply global pressure. Trump’s shifting announcements over the last year that he was raising and sometimes lowering tariffs with little notice jolted markets and rattled nations.
Saturday’s announcement seemed to a be a sign that Trump intends to use the temporary global tariffs to continue to flex.
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