Trump Sets 15% Global Tariffs After Court Decision
US President Donald Trump has declared he will impose a 15% tariff on imports worldwide, following a Supreme Court decision that struck down his previous global taxes. Initially, Trump had planned to replace the scrapped tariffs with a 10% levy on all goods entering the US. However, on Saturday, he announced via Truth Social that the rate would rise to the maximum permitted under Section 122 of the 1974 Trade Act. This temporary law allows tariffs to remain for up to five months before requiring congressional approval. The original 10% tariffs were scheduled to begin on 24 February. It is unclear if the 15% rate will start at the same time. Countries like the UK and Australia, which had agreed to 10% import deals, face uncertainty under the new rate. Trump criticized the Supreme Court’s ruling as “ridiculous” and “anti-American.” […]
