Investing.com - U.S. President Donald Trump stated on Saturday that he plans to raise the temporary tariffs on all imported goods to 15%, up from the 10% rate implemented earlier this week after the Supreme Court ruled that parts of his previous tariff plan were invalid.
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This higher tariff will take effect immediately and could last up to 150 days under current trade laws, but the move may face legal challenges.
Trump said that after the Supreme Court ruled that tariffs imposed under the national emergency framework were illegal, the government would use this temporary measure while working to implement new tariffs that comply with legal requirements.
Trump posted on Truth Social, “As President of the United States, I will immediately raise the global tariff from 10% to the fully authorized and legally vetted 15%.” He also added that many countries have been “extorting” the U.S. for decades.
This temporary tariff is an additional charge on top of the existing tariffs.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Trump raises global tariff rates to 15% after Supreme Court ruling
Investing.com - U.S. President Donald Trump stated on Saturday that he plans to raise the temporary tariffs on all imported goods to 15%, up from the 10% rate implemented earlier this week after the Supreme Court ruled that parts of his previous tariff plan were invalid.
Upgrade to InvestingPro for premium news and in-depth insights
This higher tariff will take effect immediately and could last up to 150 days under current trade laws, but the move may face legal challenges.
Trump said that after the Supreme Court ruled that tariffs imposed under the national emergency framework were illegal, the government would use this temporary measure while working to implement new tariffs that comply with legal requirements.
Trump posted on Truth Social, “As President of the United States, I will immediately raise the global tariff from 10% to the fully authorized and legally vetted 15%.” He also added that many countries have been “extorting” the U.S. for decades.
This temporary tariff is an additional charge on top of the existing tariffs.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.