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Trump says he'll raise tariffs to 15 percent after Supreme Court ruling

3 days ago
  • #Tariffs
  • #Trump
  • #Supreme Court
  • President Donald Trump announced an increase in global tariffs from 10% to 15% following a Supreme Court ruling that struck down many of his previously imposed tariffs.
  • The Supreme Court ruled 6-3 that Trump's unilateral imposition of tariffs was unconstitutional, as the power to tax lies with Congress.
  • Trump plans to use a different legal authority to impose the new tariffs, despite the Court's decision limiting his emergency powers.
  • Trump criticized the Supreme Court justices who ruled against him, including two of his own appointees, Justices Neil Gorsuch and Amy Coney Barrett.
  • Democrats, including members of the House Ways and Means Committee and California Governor Gavin Newsom, criticized Trump's tariff plans, accusing him of increasing costs for Americans.
  • Trump has previously claimed that foreign governments, not American consumers, pay the tariffs, despite evidence to the contrary.
  • The Supreme Court's decision did not address the fate of the $133 billion already collected from the tariffs under the now-struck-down emergency powers law.