President Donald Trump has announced plans to increase a proposed global tariff on imports from 10% to 15%, escalating market concerns. He also criticized the Supreme Court for blocking his earlier tariff strategy.
On Friday, Trump stated he would replace the invalidated tariffs with a 10% levy on all goods entering the U.S. However, by Saturday, he announced on Truth Social. That the rate would rise to 15%, the maximum allowed under a rarely used trade law.
The law permits these tariffs to remain in effect for about five months before requiring Congressional approval.
What’s Happening
Donald Trump is acting swiftly to protect his trade agenda after the Supreme Court ruled against his use of emergency powers. To impose global tariffs aimed at pressuring foreign governments.
In a Saturday post, Trump declared:
“I, as President of the United States of America, will be, effective immediately, raising the 10% global 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.”
The original 10% tariffs were set to take effect on Tuesday, February 24. However, it remains unclear if the new 15% rate will begin on the same date.
Background
The Supreme Court ruled 6–3 that Donald Trump exceeded his authority. By imposing broad global tariffs last year under the 1977 International Emergency Economic Powers Act (IEEPA).
Since then, the U.S. government has collected over $130 billion in tariffs under IEEPA, according to official data.
