President Donald Trump said he will raise his planned global tariff rate to 15% from 10%, escalating his tariff gambit less than 24 hours after the US Supreme CourtPresident Donald Trump said he will raise his planned global tariff rate to 15% from 10%, escalating his tariff gambit less than 24 hours after the US Supreme Court
Donald Trump hikes global tariffs to 15% after SC blow
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President Donald Trump said he will raise his planned global tariff rate to 15% from 10%, escalating his tariff gambit less than 24 hours after the US Supreme Court undercut the legal bedrock of his broader economic strategy. The move underscores both the White House’s determination to sustain a hard line on trade and the legal constraints now shaping Trump’s policy toolkit. Trump hits back fast On Friday, the Supreme Court ruled that Trump had exceeded his authority by using the International Emergency Economic Powers Act to levy sweeping tariffs on dozens of countries, dealing a sharp blow to a core plank of his economic agenda. In response, Trump quickly pivoted to a narrower statute, signing a proclamation that imposed…
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