"President Donald Trump said Saturday that he wants a global tariff of 15%, up from 10% he had announced a day earlier after the U.S. Supreme Court struck down many of the far-reaching taxes on imports that he had imposed over the last year. Trump's announcement on social media was the latest sign that despite the court's check on his powers, the Republican president still intends to ratchet up tariffs in an unpredictable way."
"The court's decision on Friday struck down tariffs that Trump had imposed on nearly every country using an emergency powers law. Trump now said he will use a different, albeit more limited, legal authority. He's already signed an executive order enabling him to bypass Congress and impose a 10% tax on imports from around the world, starting on Tuesday, the same day as his State of the Union speech. However, those tariffs are limited to 150 days unless they are extended legislatively."
President Donald Trump announced a global tariff increase to 15%, up from his earlier 10% proposal. The U.S. Supreme Court invalidated many of the tariffs imposed under an emergency powers law, ruling that unilateral tariff-setting is unconstitutional because taxing authority belongs to Congress. Trump said he will pursue other, more limited legal authorities and has signed an executive order to impose a 10% import tax starting Tuesday, limited to 150 days unless Congress extends it. He also plans Commerce Department investigations to pursue additional tariff measures and characterized the court ruling as deeply flawed.
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