President Donald Trump announced he will raise US global tariffs on nearly all imports from 10% to 15%, the highest allowed by law.
The decision comes after the US Supreme Court struck down Trump’s previous tariff program, ruling he had exceeded his authority.
The big picture: Trump’s new tariff is enabled by Section 122 of trade law, which allows up to 15% tariffs but requires congressional approval to extend them beyond 150 days.
- In a Truth Social post, Trump stated the tariff hike is effective immediately, targeting countries he claimed have “ripped off” the US for decades.
- Trump plans to use the 150-day window to implement further legally permissible tariffs, using separate laws covering national security and unfair trade.
- The administration remains aggressive on global trade, with Trump criticizing Supreme Court justices and insisting on his authority to impose tariffs.
