Trump Ups Global Tariff to 15% Following Supreme Court Ruling
Washington D.C. – In a swift response to a Supreme Court decision curtailing his tariff authority, former President Donald Trump announced a global tariff increase to 15%, escalating from the previously announced 10%.
- The move follows a Supreme Court ruling against Trump’s use of emergency powers to impose tariffs.
- Trump criticized the ruling, calling it “anti-American.”
- He initially introduced a 10% global tariff via executive order to bypass Congress.
- For India, the effective tariff rate is projected to be 18.5%, marginally higher than the recently agreed 18%.
- The tariff is limited to 150 days unless extended through legislation.
