President Donald Trump is raising global tariffs to 15% after his Supreme Court defeat, he said Saturday.
Trump had previously announced a 10% global tariff in response to the decision.
“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,” Trump wrote in a Truth Social post.
Here’s the latest on President Trump’s tariffs following Supreme Court ruling:
The decisioin was “based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court.”
The Supreme Court ruled in a 6-3 decision Friday that the president had exceeded his authority under the International Emergency Economic Powers Act of 1977 (IEEPA), which allows presidents to regulate commerce during national emergencies, to impose tariffs to address trade imbalances and halt fentanyl smuggling.
