Trump Hikes Global Tariffs to 15 Percent Following Supreme Court Ruling
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Shortly after the US Supreme Court on Friday ruled against President Donald Trump’s use of emergency powers to impose sweeping tariffs, the Republican announced plans for a 10% global import tax under another law. By Saturday, he’d hiked it to 15%.
In a 6-3 decision penned by Chief Justice John Roberts, the high court found that “nothing” in the text of the 1977 International Emergency Economic Powers Act (IEEPA) “enables the president to unilaterally impose tariffs.” Trump responded by not only lashing out at the justices but also invoking Section 122 of the Trade Act of 1974 for a 10% global tariff beginning February 24.
Then, in a Saturday morning Truth Social post, Trump said:
Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter.
Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15%........
