Trump says raising US global tariff rate from 10 per cent to 15 per cent
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Following a Supreme Court ruling against his previous tariffs, President Trump announced he is raising the global tariff rate on imports to the US from 10% to 15%, effective immediately. Trump stated this action targets countries he believes have been taking advantage of the US for decades. He also indicated plans to determine and issue new, legally permissible tariffs in the coming months. This announcement follows his unveiling of a 10% tariff on all US imports, imposed after the Supreme Court struck down levies he had previously enacted under an economic emergency law. Trump invoked Section 122 of the 1974 Trade Act to impose the initial 10% levy, marking the first time a US president has used this law.
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