US President Donald Trump announced an increase in the global tariff to 15% following a Supreme Court setback. Trump stated that the previous 10% duty would now be raised to the legally permissible 15% level, aiming to address countries that he claims have taken advantage of the US for years. He emphasized his administration’s commitment to implementing new tariffs over the coming months to further his agenda of “Making America Great Again.”
The US Supreme Court’s 6-3 ruling deemed Trump’s tariff policy under the International Emergency Economic Powers Act as illegal. In response to this decision, Trump swiftly imposed a 10% tariff on imports from all nations. Despite the setback, Trump expressed determination to explore alternative statutes to uphold his tariff program, including the introduction of a new “10 per cent global tariff.”
Following the Supreme Court’s verdict on his tariff authority, Trump criticized the ruling as “deeply disappointing” and expressed his disappointment with certain members of the court. Despite his discontent, Trump acknowledged that the judgment did not halt his tariff plans and highlighted the availability of other options to pursue his trade agenda.
