Trump raises US global tariff after Supreme Court ruling – Firstpost

Trump raises US global tariff after Supreme Court ruling – Firstpost

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US President Donald Trump raised worldwide import tariffs from 10% to 15% effective immediately, a day after the Supreme Court struck down parts of his sweeping trade duties, calling the ruling “extraordinarily anti-American.”

President Donald Trump said Saturday he is raising the worldwide tariffs on goods entering the United States from 10 percent to 15 percent “effective immediately,” a day after the Supreme Court largely struck down his sweeping duties.

Trump said on his Truth Social platform that after a thorough review of Friday’s “extraordinarily anti-American decision” by the court to rein in his tariff program, the administration was hiking the import levies “to the fully allowed, and legally tested, 15% level.”

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This comes after President Trump imposed Friday an additional 10 percent tariff on imports into the United States after the Supreme Court struck down many of his sweeping and often arbitrary duties, delivering a stinging rebuke on his signature economic policy.

Earlier Friday, the conservative-majority high court ruled six to three that a 1977 law Trump has relied on to slap sudden rates on individual countries, upending global trade, “does not authorize the President to impose tariffs.”

Trump, who had nominated two of the justices who repudiated him, responded furiously, alleging without evidence that the court was influenced by foreign interests.

“I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country,” Trump told reporters.

“In order to protect our country, a president can actually charge more tariffs than I was charging in the past,” Trump said, insisting that the ruling left him “more powerful.”

Treasury Secretary Scott Bessent, addressing the Economic Club of Dallas, said the alternative method “will result in virtually unchanged tariff revenue in 2026.”

The ruling did not impact sector-specific duties Trump separately imposed on steel, aluminium and various other goods. Government probes still underway could lead to additional sectoral tariffs.

Still, it marked Trump’s biggest defeat at the Supreme Court since returning to the White House 13 months ago. The court has generally expanded his power.

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The justices ruled Friday that “had Congress intended to convey the distinct and extraordinary power to impose tariffs” through the 1977 law, the International Emergency Economic Powers Act, “it would have done so expressly, as it consistently has in other tariff statutes.”

“IEEPA contains no reference to tariffs or duties,” Chief Justice John Roberts said in his opinion.

Wall Street saw share prices rise modestly after the decision, which had been expected.

Business groups largely cheered the ruling, with the National Retail Federation saying this “provides much-needed certainty” for companies.

With inputs from agencies

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