Feb 21 โ€ข 17:02 UTC ๐Ÿ‡ซ๐Ÿ‡ท France France24

Trump says he will raise US global tariff rate from 10% to 15%

President Trump announced an increase in US import tariffs from 10% to 15% following a Supreme Court ruling against his previous tariff policies.

President Donald Trump declared on Saturday that he would raise the global tariff on imports into the United States from 10% to 15%. This announcement came just a day after a Supreme Court ruling which deemed much of his aggressive tariff policy illegal. The president's decision reflects his determination to uphold a strong tariff regime despite legal challenges and aims to exert control over the countryโ€™s trade dynamics.

In a statement shared on his Truth Social platform, Trump expressed his dissatisfaction with the Supreme Court's ruling, labeling it an "extraordinarily anti-American decision." He indicated that this move to raise import levies also aims to explore alternative methods to impose tariffs that remain legally permissible. By increasing the tariff rate, the Trump administration signals a continued commitment to prioritizing domestic manufacturing and protecting American industries, even in the face of legal setbacks.

This escalation in tariff rates could have significant implications for the U.S. economy, international trade relationships, and the inflation rates affecting American consumers. The raised tariffs may lead to higher prices on imported goods, raising concerns about the potential impact on American consumers. Furthermore, it could create trade tensions with countries affected by these tariffs, possibly leading to retaliatory measures that could escalate further trade disputes globally.

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