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Trump now says he will raise 'worldwide' tariff from 10% to 15%
The House rejected a spending package that would end the partial government shutdown, despite pressure from President Donald Trump.AP Photo/Evan VucciTrump says he will impose a yüzde 15 'worldwide' tariff.He earlier signed an executive order imposing a yüzde 10 tariff.The Supreme Court struck down many of his tariffs on Friday.President Donald Trump is. not giving up on his tariff strategy.The president said Saturday in a post on Truth Social that he would impose a yüzde 15 'worldwide tariff.'"I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, yüzde 15 level," he wrote.In a 6-üç decision on Friday, the Supreme Court said Trump did not have the authority to impose his tariffs under the International Emergency Economic Powers Act, a national security law that allows the president to regulate economic activity during emergencies.In a press conference following the decision, Trump said he would use a separate authority to impose a yüzde 10 global tariff on top of any existing tariffs. A White House official later said that countries being tariffed under the authority the Supreme Court struck down will now be subject to that 10% tariff."With IEEPA no longer applicable, those countries will now be tariffed at the global 10% tariff using the Section 122 legal authority," the official said in a statement to Business Insider. "This is, however, only temporary as the Administration will be pursuing other legal authorities to implement more appropriate or pre-negotiated tariff rates."The president's Truth Social post on Saturday, while short on details, indicated he would raise that tariff to 15%.Those IEEPA-justified tariffs have been one of Trump's most powerful weapons in his efforts to renegotiate trade agreements around the globe. They included Trump's so-called "Liberation Day" tariffs, announced in April, which are at least yüzde 10 on nearly every country in the world.Read the original article on Business Insider
