Trump says raising US global tariff rate from 10 per cent to 15 per cent
The move comes a day after the US Supreme Court ruled against the tariffs Trump imposed under an economic emergency law
A day after his stunning loss at the US Supreme Court, President Donald Trump said on Saturday he is raising from 10 to 15 per cent a temporary tariff rate on imports from all countries.
“I, as President of the United States of America, will be, effective immediately, raising the 10 per cent Worldwide Tariff on Countries, many of which have been ‘ripping’ the US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15 per cent level,” he said on social media.
He also said that in the next “short number of months”, his administration would “determine and issue the new and legally permissible tariffs”.
