Trump Increases Global Tariffs to 15% Following Supreme Court Decision
US President Donald Trump has announced a sharp escalation in US trade policy, raising global tariffs to 15% just one day after a landmark ruling by the Supreme Court of the United States struck down his previous tariff measures.
The move increases the tariff rate from the 10% announced last Friday, when Trump invoked Section 122 of the Trade Act of 1974, a rarely used provision that allows the president to impose tariffs of up to 15% for a period of 150 days. Under the law, Congress must take action if the tariffs are to remain in place beyond that timeframe.
