President Donald Trump is raising global tariffs to 15% after his Supreme Court defeat, he said Saturday.
Trump had previously announced a 10% global tariff during an angry news conference in response to the decision knocking down his signature tariffs.
“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 U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote in a Truth Social post.
The latest tariff increase was “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,” Trump said.
“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!!!” he wrote.
The Supreme Court ruled in a 6-3 decision Friday that the president had exceeded his authority under the International Emergency Economic Powers Act of 1977 (IEEPA), which allows presidents to regulate commerce during national emergencies, to impose tariffs to address trade imbalances and halt fentanyl smuggling.
Trump had previously said he was “ashamed” of three conservative Supreme Court justices who ruled against him, and now plans to rely on a different legal provision known as Section 122, under the Trade Act of 1974.
The legal avenue is fast, but it’s also temporary.
The tariffs expire after 150 days.
Here’s the latest on President Trump’s tariffs following Supreme Court ruling:
The president is “already on shaky ground,” said Andrew Hale, a trade expert at the think tank Advancing American Freedom, which is affiliated with former Vice President Mike Pence.
He said the law only applies when there are “large and serious US balance of payments deficits under a fixed rate system,” but the world “abandoned the fixed rate exchange rate system in the 1970s.”
Trump also said he would use other authorities to reimpose tariffs, but these take more time and require official investigations before taking effect.
