US president Donald Trump said on Saturday he will raise from 10 per cent to 15 per cent a temporary tariff rate on US imports from all countries, which he imposed after the US Supreme Court ruled against his signature tariff programme based on an economic emergency law.
Infuriated by the high court’s ruling, Trump on Friday ordered an immediate 10 per cent tariff on all imports, in addition to any existing tariffs. The law allows him to impose a levy of up to 15 per cent for 150 days, although it could face legal challenges.
During that period, his administration will work on issuing new and “legally permissible” tariffs, he 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 US off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15 per cent level,” he wrote in a Truth Social post.