Trump doubles down on tariffs after Supreme Court setback, now raises global levy to 15%

US President Donald Trump on Saturday doubled down on the global tariffs issue announcing that his administration would raise reciprocal tariffs to 15 per cent, 5 per cent up from his earlier announcement.

US President Donald Trump has raised the reciprocal tariffs to 15 per cent on Saturday. (AP)
US President Donald Trump has raised the reciprocal tariffs to 15 per cent on Saturday. (AP)

The development comes a day after the US Supreme Court struck down the Republican President’s reciprocal tariffs announced shortly after he assumed his Presidency for a second time last year.

Follow the latest updates on US tariffs

In a post on Truth Social, Trump said his latest decision was “based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court.”

“Please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been “ripping” the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump said.

To be sure, Trump has invoked powers under Section 122 of the Trade Act of 1974, which gives the US President powers to impose tariffs in order to address balance of payments problems. However, Trump now has 150 days, after which the presidential order automatically expires unless Congress votes to extend them.

Also Read: Trump attacks Supreme Court justices over tariff ruling: ‘Embarrassment to their families’

“During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of Making America Great Again,” his social media post added.

A Supreme Court ruling, Trump’s criticism and “counter-attacks”

On Friday, the US Supreme Court ruled that the tariffs imposed by Trump under an emergency powers law were unconstitutional, including the “reciprocal” tariffs he levied on almost every other country.

The 6-3 decision held that the 1977 International Emergency Economic Powers Act (IEEPA) does not authorise the President to impose tariffs.

Trump lashed out at the Supreme Court and said he was “absolutely ashamed” of the judged who ruled against him, calling them “disloyal to our Constitution” and “lapdogs.”

Hours later, he imposed a 10% “global tariff” on all US trading partners. White House officials later clarified that for countries, including India, that have signed trade agreements with the US, tariff levels will temporarily fall to 10 per cent before new tariffs can be levied.

Earlier in the day, Trump heaped praises for the three dissenting judges involved in the tariff verdict against his administration’s tariffs.

“My new hero is United States Supreme Court Justice Brett Kavanaugh and, of course, Justices Clarence Thomas and Samuel Alito. There is no doubt in anyone’s mind that they want to, MAKE AMERICA GREAT AGAIN!” Trump wrote on Truth Social.

What changes for India?

The latest move of the US President adds to the confusion that has unfolded ever since the Supreme Court ruling on Friday, followed by Trump’s counter measures.

Last year, India was subjected to a 25 per cent reciprocal tariffs by the US, which was increased to 50 per cent after Trump imposed additional 25 per cent for New Delhi’s Russian oil imports, which the White house said “fueled the war in Ukraine”.

Cut to February 2026, Trump announced reducing “reciprocal” tariffs on India to 18 per cent, after the two countries agreed on a framework for an interim trade deal.

The US Supreme Court’s decision would have meant a reversal to the levy before the Trump administration, which was around 3.5 per cent.

Now, with Trump announcing a 15 per cent “global tariff”, the effective tariff on India works out to 18.5 per cent, a negligible change from the 18 per cent rate agreed upon as part of the trade deal earlier this month.

Source link

Visited 1 times, 1 visit(s) today

Related Article

NASA's Artemis II Space Launch System (SLS) rocket and Orion spacecraft are seen in the distance at Launch Pad 39B at Kennedy Space Center in Cape Canaveral, Florida. / Credit: Gregg Newton /AFP via Getty Images

NASA’s moon rocket hit by new problem expected to bump flight to April

Engineers ran into problems repressurizing the Artemis II moon rocket’s upper stage helium tanks overnight Friday, a problem that will require rolling the huge rocket off the launch pad and back to its processing hangar for troubleshooting. The work will push the already delayed mission from March into early April, NASA officials said Saturday. Pressurized

The Nigerian army has deployed to the region for several years to combat these groups, but the violence continues. (AP)

At least 38 killed in armed attack in Nigeria’s northwestern state

Armed men killed at least 38 people in the village of Dutse Dan Ajiya in Nigeria’s northwestern Zamfara State, local police and authorities told AFP Saturday. The Nigerian army has deployed to the region for several years to combat these groups, but the violence continues. (AP) The attack occurred in the night of Thursday into

Smelly, lazy and slutty? ChatGPT shows ‘bias’ to Tampa Bay and Florida

Smelly, lazy and slutty? ChatGPT shows ‘bias’ to Tampa Bay and Florida

If you ask ChatGPT about the people of Florida and Tampa Bay, it will tell you that we’re smelly, lazy and somewhat slutty. That is the verdict — or, at least, the algorithmic assumption — buried inside the world’s most popular artificial intelligence. A peer-reviewed study recently published in the journal Platforms & Society exposes

Photo by Andrew Harnik/Getty Images

$850 billion worth Elon Musk’s reported stance on purchasing Seattle Seahawks explained

Elon Musk’s supposed interest in buying the Seattle Seahawks has been trending on social media. The speculation gained traction after a viral post claimed the billionaire was interested in purchasing the NFL franchise from the Estate of Paul G. Allen. Advertisement However, the real story centres on the Seahawks’ formal sale process rather than unverified

The MoU was executed by GSA Administrator Edward C. Forst on behalf of the United States and Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on behalf of Pakistan. (@Financegovpk/X)

Pakistan signs deal with US to redevelop New York’s Roosevelt Hotel

Pakistan has signed a deal with the United States to jointly redevelop New York’s Roosevelt Hotel. The hotel, built in 1924, is owned by Pakistan’s international airlines and has been closed since 2020. The MoU was executed by GSA Administrator Edward C. Forst on behalf of the United States and Federal Minister for Finance and

Photo by David Eulitt/Getty Images

Patrick Mahomes and Travis Kelce facing lawsuit over their Kansas City steakhouse

Patrick Mahomes and Travis Kelce are dealing with a lawsuit tied to the name of their Kansas City restaurant, 1587 Prime. A sneaker brand has filed a trademark infringement claim against the Chiefs teammates and their restaurant partners, asserting that the use of “1587” conflicts with its own branding. Advertisement At the center of the

Image of inspector holding up a chip.

1 Company Set to Make a Fortune from the $650 Billion Data Center Buildout

With the four major AI hyperscalers set to spend around $650 billion in 2026 on data center capital expenditures, there are a lot of companies slated to cash in. While some may question how much Amazon, Microsoft, Alphabet, and Meta Platforms are spending, the reality is that AI demand is real, and any company not

How much snow will New York City get? Latest inch count predictions

How much snow will New York City get? Latest inch count predictions

New York City appears to be in for its second major snowstorm this winter. The latest forecast from the National Weather Service calls for a nor’easter this weekend, showing the Metro New York area is in for anywhere from 9 inches in New York City to a foot of snow way out on the tip

Tarique Rahman takes oath as PM (REUTERS)

Can Bangladesh’s old guard build a new democracy?

“Like in America!” beamed one freshly minted minister. His new boss, Tarique Rahman, had just been sworn in as prime minister of Bangladesh in an open-air ceremony. This new gesture of transparency came five days after an election on February 12th, when the centre-right Bangladesh Nationalist Party (BNP) mopped up over two-thirds of the 300-seat

UAE weather forecast: Foggy mornings, rising humidity expected through Wednesday

UAE weather forecast: Foggy mornings, rising humidity expected through Wednesday | World News

The National Centre of Meteorology forecasts humid weather with fog from Saturday through Wednesday/Representative Image A spell of humid weather is set to settle over the UAE from Saturday through Wednesday, bringing a strong chance of fog and mist, particularly across coastal and internal areas during the early morning hours. According to the National Centre

15-year-old shot in Georgia Piggly Wiggly parking lot

15-year-old shot in Georgia Piggly Wiggly parking lot

A teenage girl was shot while sitting in the car with her family on Thursday night. LaGrange police say they were called to Piggly Wiggly on South Greenwood Street just before 8 p.m. for reports of shots being fired. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] While on their way, someone called

SFUSD teachers and supporters celebrate the end of their strike with a victory party at Dolores Park, in San Francisco on Feb. 13. (Lizzy Montana Myers/For the S.F. Chronicle)

SFUSD to issue layoff notices weeks after $183 million deal to end teachers strike

With the ink barely dry on a $183 million agreement that ended the historic San Francisco teachers strike this month, the district will ask the school board to approve preliminary layoff notices for 42 educators and other staff. The pink slips, which, by law, must be issued by March 15 each year, give the teachers advance

US President Donald Trump speaks during a press conference in the Brady Press Briefing Room of the White House (AFP)

Trump signs global 10% tariff, says it will take effect ‘almost immediately’

US President Donald Trump on Saturday imposed a 10% “global tariff” on all US trading partners, hours after a Supreme Court ruling that struck down the Trump administration’s reciprocal tariffs imposed in April. White House officials subsequently clarified that for countries like India that have signed trade agreements with the US, tariff levels will temporarily

0
Would love your thoughts, please comment.x
()
x