“Effective Immediately” – Trump Raises Tariffs Even Higher After Supreme Court Ruling
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Donald Trump announced a 10% tariff after the Supreme Court ruled against his tariffs on Friday.
Trump has now announced he would be raising that to 15%.
President Donald Trump on Saturday said that he was hiking his newly-announced global tariff to 15%, less than one day after announcing a 10% worldwide duty.
On Friday, Trump announced the blanket 10% import tax for all foreign trading partners after most of his sweeping tariffs were struck down by the Supreme Court.
The justices, divided 6-3, ruled that Trump’s aggressive approach to tariffs on imports from across the world was not permitted under a 1977 law called the International Emergency Economic Powers Act (IEEPA).
Trump made the announcement in a Truth Social Post.
Trump said, “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, 15% level.”
Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court, please let this statement serve to represent that 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, 15% level. During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again – GREATER THAN EVER BEFORE!!! Thank you for your attention to this matter. President DONALD J. TRUMP
