Trump ups tariffs day after Supreme Court ruling against him
Key Points:
- US President Donald Trump announced plans to impose a global tariff of 15% on all imported goods, following a Supreme Court ruling that invalidated his previous import taxes.
- Initially, Trump stated he would implement a 10% levy, but later increased it to 15% via a post on Truth Social.
- The new tariffs are set to take effect on Tuesday, 24 February, and can only remain in place for about five months without congressional approval.
- This move represents an ongoing effort by the Trump administration to control imports despite legal setbacks.