“The United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries … to the fully allowed, and legally tested, 15% level.”
President Donald Trump has raised the global tariff that he initially proposed after the Supreme Court struck down his tariffs under the International Emergency Economic Powers Act (IEEPA) from 10 to 15 percent.
In a post to Truth Social, Trump said, "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," he added.
A ruling from the Supreme Court on Friday struck down tariffs that the president had been issuing under the IEEPA. However, the ruling did not stop the president from implementing other tariffs using other statutes.
In a press conference after the ruling, the president said that he would "sign an order to impose a 10 percent global tariff under Section 122" of the Trade Act of 1974. He said those tariffs would be "over and above our normal tariffs already being charged."
The court had ruled 6 to 3 in opposition to Trump's use of tariffs under the IEEPA, with Justices Clarence Thomas, Brett Kavanaugh, and Samuel Alito dissenting.
The court’s majority decision, penned by Chief Justice John Roberts, stated, "The Government reads IEEPA to give the President power to unilaterally impose unbounded tariffs and change them at will. That view would represent a transformative expansion of the President’s authority over tariff policy. It is also telling that in IEEPA’s half century of existence, no President has invoked the statute to impose any tariffs, let alone tariffs of this magnitude and scope."
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