Trump Hikes US Global Tariff Rate To 15%

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Trump Hikes US Global Tariff Rate To 15%
Trump speaks during a press conference. AFP
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President Donald Trump raised the global duty on imports into the United States to 15 percent on Saturday, doubling down on his promise to maintain his aggressive tariff policy a day after the Supreme Court ruled much of it illegal.

Trump said on his Truth Social platform that after a thorough review of Friday’s “extraordinarily anti-American decision” by the court to rein in his tariff program, the administration was hiking the import levies “to the fully allowed, and legally tested, 15% level.”

Shortly after the court’s 6-3 ruling that rejected the president’s authority to impose tariffs under a 1977 economic emergency powers act, Trump had initially announced a new 10 percent global levy by invoking a different legal avenue. (AFP)

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