In a recent announcement via Truth Social, U.S. President Donald Trump stated his plan to increase global import tariffs from the current 10% to 15%. This escalation follows a Supreme Court ruling that restricts his ability to impose tariffs under the International Emergency Economic Powers Act (IEEPA), prompting Trump to turn to other legal avenues for tariff adjustments. The president's dissatisfaction with the ruling has led him to take immediate action, implementing a 10% tariff on all imports in addition to existing tariffs.

Trump's immediate response to the Supreme Court's decision has raised concerns regarding potential legal challenges to his new tariff measures. Under legal provisions, he is allowed to impose a tariff of up to 15% for a period of 150 days, although the constitutionality and legality of his actions are likely to be contested in court. As part of his announcement, Trump characterized the countries affected by the tariffs as having "robbed" America for decades without retribution, a sentiment he has expressed throughout his presidency.

The proposed tariff increase comes at a tumultuous time in U.S. trade policy, with implications for both domestic and international markets. Trump's push for higher import tariffs may instigate retaliatory measures from other countries, potentially escalating international trade tensions. Additionally, this move reflects his administration’s ongoing struggle to balance economic interests and political objectives within a complex domestic and global trade landscape.