Trump to raise global tariffs from 10 to 15 per cent
President Donald Trump said he would raise temporary tariffs on nearly all U.S. imports from 10 percent to 15 percent, the maximum level allowed by law, after the U.S. Supreme Court declared the previous tariff program invalid.
Trump immediately announced a 10 percent tariff on Friday, following a court ruling that found the president had exceeded his authority by imposing a series of high rates under the economic emergency law.
The new taxes are based on a separate law known as Section 122, which allows tariffs of up to 15 percent but requires congressional approval to extend them after 150 days.
In a social media post on Saturday, Trump said he would use this time to implement other “legally permissible” tariffs.
The administration plans to rely on two other laws that allow import duties on specific products or countries based on investigations into national security or unfair trade practices.
“I, as President of the United States, will, effective immediately, increase the 10% World Tariff on Countries, many of which have been ‘exploiting’ the United States for decades, without penalty (until I arrive!) to the fully permissible and legally tested level of 15%,” he wrote in a post on Truth Social.
Trump has shown little sign of backing down from the global trade war in the hours since the court’s 6-3 decision, attacking individual justices in personal terms and insisting he retains the authority to impose tariffs as he sees fit.
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