President Trump on Saturday announced he is raising a newly-imposed global tariff to 15 percent after reviewing the Supreme Court’s 6-3 decision to block him from using emergency powers to impose sweeping import taxes on foreign trading partners.
BREAKING NEWS: President Donald Trump on Saturday raised the global tariff to 15%.
In a 6-3 decision on Friday, the Supreme Court rejected the president’s authority to issue sweeping tariffs under the International Emergency Economic Powers Act. In response, Trump announced a…
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“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,” the president posted to Truth Social.
He added that the White House will roll out the global taxes over the next several months to “continue our extraordinarily successful process of Making America Great Again — GREATER THAN EVER BEFORE!!!”
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