Trump raises tariffs to 15% day after Supreme Court ruling
3 days ago
- #Trump
- #trade
- #tariffs
- US President Donald Trump announces plans to impose global tariffs of 15%.
- The decision comes after the Supreme Court struck down his previous import taxes, ruling he overstepped his powers.
- Trump initially proposed a 10% levy on all goods entering the US but later increased it to 15% via a Truth Social post.
- The new tariffs are set to take effect on February 24 and can remain for about five months without congressional approval.
- Trump criticized the Supreme Court's decision as 'ridiculous, poorly written, and extraordinarily anti-American'.