Trump Says He Will Raise Global Tariff to 15 Percent
The New York Times • • general
Key Points:
- President Trump announced an immediate increase of his new global tariff rate to 15 percent, following a recent Supreme Court ruling that invalidated his previous tariffs.
- The revised tariffs will be higher than before for countries like Britain and Australia, but lower for others including China, Vietnam, India, and Brazil.
- The Supreme Court ruled that the president lacked the authority to impose the earlier tariffs, prompting Trump to use a rarely invoked law allowing a 150-day tariff imposition without congressional approval.
- Initially, Trump had set the replacement tariff at 10 percent, scheduled to take effect after midnight on February 24, but later raised it to 15 percent through a social media announcement.
- This move signals Trump's intent to continue his
