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.