Trump says he'll raise tariffs to 15 percent after Supreme Court ruling
WASHINGTON (AP) — President Donald Trump said Saturday that he was raising the global tariff he wants to impose to 15%, up from 10% he had announced a day earlier.
Trump said in a social media post on that he was making the decision “Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday,” by the U.S. Supreme Court.
After the court ruled he didn’t have the emergency power to impost many sweeping tariffs, Trump signed an executive order on Friday night that enabled him to bypass Congress and impose a 10% tax on imports from around the world. The catch is that those tariffs would be limited to just 150 days, unless they are extended legislatively.